Crypto
Hougan Sees BTC Reaching $1 Million Mark
Bitcoin's value is still rising according to Bitwise CIO Matt Hougan. He believes that Bitcoin is on its way to reaching $1 million, echoing long-standing narratives about its potential.
This prediction is rooted in the cryptocurrency's peer-to-peer design and lack of central bank involvement.
Currently, Bitcoin holds a bullish trend above its 50-day exponential moving average (EMA) at $63,772.32 and its 200-day EMA at $63,666.26.
The MACD golden cross signal is also indicating sustained momentum with an RSI of 59.9 leaving room for further growth before reaching overbought conditions.