Bitcoin: Wall Street Veteran Eyes $500k Target

Latest Update
8/21/2026 9:31:00 PM

Bitcoin: Wall Street Veteran Eyes $500k Target

Bitcoin at $78593.12 draws Wall Street veteran $500k forecast as RSI hits 93.58 and MACD confirms bullish cross on 4h chart.

Analysis

Wall Street veteran forecasts Bitcoin reaching $500k sooner than expected in the latest Altcoin Daily video. BTC trades at $78593.12 inside a bullish structure with EMA50 at $68283.54 and EMA200 at $65261.02 acting as layered support. Momentum shows RSI(14) at 93.58 overbought while MACD(12,26) prints a 3419.57 golden cross, yet price sits inside the Bollinger band with upper resistance at $80604.6. This confluence points to a probable retracement toward the 50-EMA before continuation higher, aligning with the aggressive BTC price prediction of $500k.

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Source: blockchain.news