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Bitcoin could reach $1.25M long-term as institutional adoption grows, says Cathie Wood.

Market News
26 May 2026
FXEmpire
View Source
Bullish
pluang ai news

Cathie Wood of Ark Invest predicts Bitcoin could reach $1.25 million in the long run, driven by institutional adoption and a generational wealth transfer. Despite recent ETF outflows and market fear, Bitcoin's weekly buy signals remain strong, suggesting a potential rise to $200,000 in the next bull market. Key resistance at the 200-day EMA must be broken for Bitcoin to rally quickly to $100,000. Current support at $77,000 is crucial to avoid a deeper pullback to $62,000.

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