Bitcoin Price Prediction: Wall Street Giant Says BTC Could Hit $2.9 Million – Here’s What Needs to Happen First

Crypto Writer

Arslan Butt

Crypto Writer

Arslan ButtVerified

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Sep 2022

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Arslan Butt is an experienced webinar speaker, market analyst, and content writer specializing in crypto, forex, and commodities. He provides expert insights, trading strategies, and in-depth analysis…

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Bitcoin continues to hold near the $90,300 region as new institutional research reignites a long-running debate: how high could BTC go in a full supercycle? According to VanEck’s long-term capital market assumptions, a scenario where Bitcoin matures into a global reserve-style asset places its potential valuation deep into multi-million-dollar territory, with a modeled path extending toward $2.9 million per BTC.

The projection isn’t a short-term price target, it’s a structural thesis built on monetary debasement, increasing institutional allocation, and Bitcoin’s expanding role in global liquidity cycles. For retail traders, the takeaway is simpler: if large asset managers are incorporating Bitcoin into decade-long models, the asset’s long-term relevance is becoming increasingly difficult to ignore.

Market sentiment is currently neutral, with the Fear & Greed Index at 41 and Altcoin Season Index at 37, reflecting an environment where Bitcoin quietly dominates inflows while traders wait for the next directional catalyst.

Macro Drivers: Rate Cuts, Capital Flows, and the Retirement Fund Debate

The Federal Reserve remains one of Bitcoin’s strongest tailwinds. After three rate cuts between September and December, liquidity conditions have improved steadily, creating a more supportive environment for risk assets. Lower borrowing costs typically lift investor appetite, and crypto has begun to feel that shift.

In Washington, a new policy fight could shape Bitcoin’s next major demand source. Lawmakers are weighing whether U.S. retirement accounts, including 401(k)s, should be allowed broader exposure to digital assets. Labor unions like the 1.8-million-member AFT argue Bitcoin is too volatile for pension savings.

Crypto groups push back, insisting that controlled access would increase transparency and unlock trillions in potential inflows over time. Even a small allocation from retirement funds could meaningfully alter market structure if rules eventually loosen.

Sentiment has also been stirred by uncertainty around MicroStrategy, listed as “Strategy” in some index filings, which may face removal from the Nasdaq 100 during the annual rebalancing. Its stock is down roughly 65% from its peak, and the company’s performance remains tightly linked to Bitcoin. Any index-related outflows could briefly influence market mood, even if the long-term impact on BTC itself remains limited.

Bitcoin Price Prediction: Can BTC Break $91.5K Before a Path Toward $2.9M?

Bitcoin price prediction is neutral right now as BTC is trading near $90,300 and continues to hold above a clean rising trendline that has guided price action since late December. The market has compressed into a narrow range between $91,520 and $89,241, forming a tightening triangle that signals an approaching volatility release. Candles remain small with extended wicks, showing hesitation but steady liquidity on both sides.

The 50-EMA and 100-EMA sit just overhead, creating a short-term squeeze, while the RSI has recovered from the low-40s, suggesting that bearish momentum is losing strength. Current structure shows BTC may briefly retest the lower bound of the triangle before rotating higher toward $91,520, the level that has repeatedly capped intraday rallies.

Bitcoin (BTC/USD) Price Chart – Source: Tradingview

A confirmed close above $91,520 would open the door to $93,011, and later $94,612, where the 200-EMA converges with previous breakdown levels. If the trendline breaks instead, downside risk extends toward $89,241 and $87,921, though buyers have consistently defended those zones.

With liquidity improving and long-term institutional models increasingly supportive, Bitcoin’s next breakout from this tightening pattern may set the tone for a broader rally—especially as capital continues flowing into emerging presales and early-stage crypto projects.

Maxi Doge: A Meme Coin Built Around Community and Competition

Maxi Doge is gaining traction as one of the more active meme coin presales this year, combining bold branding with community-driven incentives. The project has already raised more than $4.43 million, placing it among the stronger early performers in the meme token category.

Unlike typical dog-themed tokens that rely purely on social buzz, Maxi Doge leans into engagement. The project runs regular ROI competitions, community challenges, and events designed to keep participation high throughout the presale phase. Its leverage-inspired mascot and fitness-themed branding have helped it stand out in a crowded meme market.

The $MAXI token also includes a staking mechanism that allows holders to earn daily smart-contract rewards. Stakers gain access to exclusive competitions and partner events, adding a passive earning component while encouraging long-term participation rather than short-term speculation.

Currently priced at $0.0002775, $MAXI is approaching its next scheduled presale increase. With momentum building and community activity remaining strong, Maxi Doge is positioning itself as a meme coin focused on sustained engagement rather than one-off hype.

Click Here to Participate in the Presale