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Crypto

Coinbase CEO Sticks to $400K Bitcoin Target Amid Short-Term Pressure

Guavy AI Editorial Team
Instruments
BTC
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Coinbase CEO believes that Bitcoin's price of $400,000 by 2030 remains a reasonable target despite short-term pressure. The current price of BTC is at $76,982.86 and is testing lower Bollinger support at $77,426 on the 4-hour chart.

The technical indicators point to consolidation before any sustained move higher. The Relative Strength Index (RSI) is at 30.64, which holds neutral. The Moving Average Convergence Divergence (MACD) death cross at -410.71 suggests a bearish structure.

This setup aligns with ongoing debates and narratives that tie institutional adoption to long-term gains in Bitcoin's price prediction.

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