Bitcoin: O’Leary Eyes $1M Target With Quantum Warning
Bitcoin: Kevin O’Leary forecasts $1M BTC price but flags quantum risks. Current price sits at $81199.59 with RSI overbought at 79.53.
SourceAnalysis
Bitcoin faces a quantum hurdle on its path to $1 million, according to Kevin O’Leary. The Shark Tank investor reiterated his long-term BTC price prediction while highlighting encryption threats from quantum computing.
Over the past year BTC has climbed from sub-$60,000 levels amid institutional inflows and ETF approvals, yet O’Leary stresses that current cryptography must evolve or risk obsolescence.
Price action on the 4h chart shows Bitcoin at $81199.59 testing upper Bollinger resistance at $79958.84 while RSI(14) prints 79.53 in overbought territory. With the MACD golden cross still intact and price holding above both EMA50 at $77494.12 and EMA200 at $74751.93, a healthy retracement toward the 50-EMA support appears probable before continuation higher.
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