Bitcoin Dips—But Analysts Still See Million-Dollar Moon Shots

After a brief pullback, Bitcoin’s price action has traders dusting off those absurdly bullish seven-figure price targets. Because nothing says ’healthy market’ like swinging between panic sells and euphoric seven-digit hopium.

Here’s the breakdown:

The pullback playbook

BTC takes a breather after its latest rally—because gravity still exists, even in crypto. But the usual suspects are already calling this a ’generational buying opportunity’ (spoiler: they always do).

From correction to cosmic

Analysts keep waving those $1M–$2.4M price targets like carnival barkers. Because if there’s one thing Wall Street loves, it’s slapping comically large numbers on volatile assets while collecting management fees.

The closer: Whether this is the dip before the rip or just another overleveraged casino spin, one thing’s certain—nobody actually knows. But the hopium? That’s always in infinite supply.

The bullish case for Bitcoin price

The core argument for higher prices is rising institutional demand. Spot bitcoin exchange-traded funds have surpassed $45 billion in cumulative inflows, with the iShares Bitcoin ETF alone managing $71 billion in assets.

Companies are also beginning to accumulate Bitcoin. TRUMP Media is raising $2.5 billion to buy BTC, while GameStop bought over 4,000 coins last week. Only a few publicly traded global firms have entered the space, leaving room for broader corporate adoption, particularly in light of Strategy’s success.

Nation-states may also ramp up purchases. El Salvador was the first to adopt Bitcoin as legal tender, and in the U.S., Donald Trump has proposed creating a Strategic Bitcoin Reserve. Pakistan, the Czech Republic, and Poland have also signaled interest in holding reserves.

Rising demand coincides with tightening supply. Bitcoin held on centralized exchanges has dropped to its lowest level in seven years.

Bitcoin price short-term forecast

The daily chart shows Bitcoin consolidating in recent sessions. This sideways movement forms the handle of a cup-and-handle pattern, a well-known bullish continuation setup.

The cup has a depth of approximately 32%, which suggests a price target of $143,920 when projected from the pattern’s upper boundary.