Bitwise: Bitcoin to Hit $1.3 Million by 2035

Bitwise CIO Matt Hougan projects BTC reaching $1.3 million by 2035, updating the BTC price prediction narrative for institutional desks. Price currently sits at $62785.46 inside Bollinger Bands with upper resistance at $63577.89 and lower support at $61200.51. The structure remains bullish as price holds above EMA50 at $61584.5 despite EMA200 at $64474.89 capping upside and MACD flashing a death cross at 611.1. RSI at 60.65 shows neutral momentum. With price testing upper Bollinger resistance while RSI stays balanced, a healthy retracement to the 50-EMA support at $61584.5 seems probable before further continuation toward the long-term target.