Miller Value Partners Chief Investment Officer: Bitcoin's technical pattern is improving, potentially creating conditions for further upward movement.
TL;DR
Miller Value Partners CIO Bill Miller IV notes Bitcoin's improving technical pattern suggests potential for further gains, citing regulatory shifts and Wall Street's on-chain infrastructure developments as supportive factors.
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[Miller Value Partners Chief Investment Officer: Bitcoin's Technical Pattern Improves, Potential for Another Upward Move] According to Mars Finance, Bill Miller IV, Chief Investment Officer of Miller Value Partners, stated that Bitcoin's current technical pattern is improving, and the price movement "looks ready to start again." In an interview with CNBC, he pointed out that from a technical perspective, Bitcoin may break through previous highs, linking this judgment to changes in the US regulatory environment and Wall Street's continued push for on-chain deployments. Miller IV mentioned the statements by SEC Chairman Paul Atkins regarding the gradual migration of capital markets to on-chain, and the continued construction of on-chain infrastructure by traditional financial institutions, including JPMorgan Chase. He also stated that Bitcoin's price has experienced periods of correction and underperformed gold, which is not unusual; given its volatility, it should be observed from a longer-term price cycle. According to CoinGecko data, Bitcoin's current price is approximately $93,750, a decline from its all-time high last year, but still showing some gains since 2026.