Bill Miller IV, chief investment officer at Miller Value Partners, said bitcoin looks positioned to break to a new high after building what he described as a stronger base.
Technicals and a higher base
Miller told CNBC:
“Technicals are really starting to line up and it looks like it’s ready to go again.”
He added that bitcoin appears to have formed a “higher base” than it did in spring 2025.
Miller also downplayed recent weakness, urging investors to “zoom out” on long-term charts:
“It’s a whole new ballgame.”
Bitcoin was trading around $93,750, according to CoinGecko data.
That price is down 25.6% from its $126,080 all-time high set on Oct. 6, but up 7.1% so far in 2026.
Regulation and Wall Street adoption
Miller pointed to US regulatory momentum and adoption by large financial institutions.
He cited comments from SEC Chair Paul Atkins about capital markets moving onchain, saying:
“So all of this is massively positive for Bitcoin.”
Wide price ranges from other forecasters
Fundstrat Capital CIO Tom Lee said bitcoin entered 2026 with multiple “tailwinds,” including institutional adoption and US government support.
Lee said:
“So I think these are tailwinds that help Bitcoin recover this year.”
Dragonfly managing partner Haseeb Qureshi predicted bitcoin would be above $150,000 by the end of 2026, while also expecting bitcoin dominance to fall.
Galaxy Digital said 2026 could be “too chaotic” to estimate, putting a potential year-end range between $50,000 and $250,000.
