Bitcoin: Dot-Com Run Could Enable $1M Cycle Target

Michaël van de Poppe highlighted a projection from Rand Group showing five prior Bitcoin crash bottoms aligned to a straight line that places the bear case at $197K by 2030, arguing this setup supports a dot-com style parabolic advance that could still deliver $1M Bitcoin before the cycle ends despite an eventual 80% drawdown.

Price sits at $81667.45 inside the Bollinger Bands with the upper resistance at $82679.1 and lower support at $80845.84. The structure remains bearish as price trades below both the EMA50 at $82490.3 and EMA200 at $82129.98, yet the MACD has printed a golden cross at -312.55 while RSI at 45.25 holds neutral, indicating momentum is shifting without overbought conditions. With price testing upper Bollinger resistance while the longer EMAs cap upside, a healthy retracement toward the 50-EMA support zone appears probable before any sustained continuation higher.