Miller Value Partners CIO: Bitcoin Technical Pattern Improves, May Have Conditions for Another Rally

Odaily Miller Value Partners Chief Investment Officer Bill Miller IV stated that Bitcoin's current technical pattern is improving, and its price action "looks ready to start moving again." In an interview with CNBC, he pointed out that from a technical perspective, Bitcoin could potentially break through previous highs, linking this assessment to changes in the U.S. regulatory environment and Wall Street's continued push for on-chain integration.

Miller IV mentioned the statement by U.S. Securities and Exchange Commission Chairman Paul Atkins about the gradual migration of capital markets to on-chain systems, as well as the ongoing construction of on-chain infrastructure by traditional financial institutions, including JPMorgan Chase. He also noted that Bitcoin's price has experienced periodic pullbacks and underperformed gold, which is not unusual. Considering its volatility, it should be observed from a longer-term price cycle perspective. According to CoinGecko data, Bitcoin's current price is approximately $93,750, down from the all-time high set last October, but it has still recorded some gains since 2026. (Cointelegraph)