Bitwise CIO: BTC Could Surpass $1.3M by 2035
Bitwise CIO Matt Hougan boosts BTC price prediction to over $1.3M by 2035 amid global monetary uncertainty, expanding Bitcoin's role in crypto markets.
SourceBitwise CIO Matt Hougan asserts that escalating global monetary uncertainty is broadening BTC's influence, suggesting his 2035 price target of $1.3 million underestimates potential amid recent crypto market volatility. Drawing from the last year's surges post-halving, where Bitcoin climbed from $50K lows, this BTC price prediction aligns with institutional adoption trends, potentially rivaling assets like TAO in decentralized AI hype.
On the 4-hour chart, BTC trades at $77,188.18 in a clear bullish structure, hugging the upper Bollinger Band resistance at $77,617.61 while the MACD confirms a golden cross with a bullish reading of 1022.59, signaling sustained momentum. Yet with RSI at 67.47 staying neutral and price well above the EMA50 support of $73,776.36 and EMA200 at $71,006.97, expect volatility to test that lower band support near $72,801.58 before resuming the uptrend, offering prime entries for macro plays in this uncertain crypto market environment.
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