Odaily Planet News: Bill Miller IV, Chief Investment Officer at Miller Value Partners, stated that the technical outlook for Bitcoin is currently improving, and its price action "looks ready to take off again." In an interview with CNBC, he noted that from a technical perspective, Bitcoin could break through previous highs. He linked this assessment to changes in the U.S. regulatory environment and the ongoing efforts by Wall Street to expand its presence in the blockchain space.
Miller IV mentioned the statement by SEC Chair Paul Atkins that capital markets are gradually moving onto the blockchain, as well as traditional financial institutions like JPMorgan Chase continuing to build blockchain-based infrastructure. He also noted that Bitcoin's temporary price correction and underperformance compared to gold are not unusual, and that its volatility should be considered when observing its price trends over a longer-term cycle. According to CoinGecko data, Bitcoin's current price is approximately $93,750, which is lower than its all-time high set in October last year, but it has still recorded some gains since 2026. (Cointelegraph)