Crypto
Wood Reiterates $1.5 Million BTC Price Target as Younger Generation Favors Digital Gold
Cathie Wood is sticking to her Bitcoin price prediction of $1.5 million by 2030, citing the younger generation's preference for digital gold over physical gold.
According to Wood, this trend will drive another big run in Bitcoin prices.
The current market conditions show that BTC trades at $77,353.29 inside its Bollinger Bands with upper resistance at $81,306.14.
Despite the bullish EMA structure holding above the 50-day at $69,933.12, the RSI at 80.1 signals overbought conditions and the MACD death cross at 3,053.32 points to near-term consolidation risk before continuation.