Bitwise: Raises 10-Year Bitcoin Target to $1.6M

Bitwise raised its 10-year bitcoin target to $1.6 million by 2036 from $1.3 million, stating the asset sits in a stronger position than at any prior point in its history.

The firm released its 2027 Bitcoin Long-Term Capital Market Assumptions report detailing base-case returns, volatility, and equity correlations. Matt Hougan highlighted the update on X, linking directly to the full document on the Bitwise site.

Bitcoin trades at $80621.25 on the 4-hour chart inside a bearish structure defined by the EMA50 at $81081.66 and EMA200 at $81722.15. The RSI(14) at 48.39 sits neutral while the MACD(12,26) prints a bullish golden cross at -38.52. Price remains inside the Bollinger Bands with upper resistance at $81387.2 and lower support at $79474.28. With price testing upper Bollinger resistance while the longer-term EMAs cap upside, a healthy retracement toward the 50-EMA support at $81081.66 appears probable before any sustained continuation higher.