Bitcoin has experienced a bearish trend on intraday charts, finding support around 111,000 on the H1 chart after a sharp decline. Recent rebounds at this level suggest a potential short-term bullish correction, while analysts expect the cryptocurrency could reach $170K during the current market cycle peak.

Long-Term Outlook Remains Bullish

Investor Mark Moss, in an interview with AltcoinDaily, forecasted that Bitcoin could reach $1 million by 2030 and $14 million by 2040. His projections are based on anticipated U.S. dollar debasement, ongoing deficit spending, and rising national debt.

Moss estimates the global store-of-value market could grow from $1 quadrillion today to $1.6 quadrillion by 2030. If Bitcoin captures 1.25% of this market, it could reach $1 million.

Institutional Adoption Reduces Risk

Moss noted that now is a lower-risk time to invest compared with Bitcoin’s early years, citing institutional adoption, ETF approvals, and reduced regulatory risk.

He categorized companies using Bitcoin as Allocation, Hybrid, or Pure-Play, emphasizing that corporate holdings are not necessarily a bubble. Some companies may even use Bitcoin to back debt or equity.

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For the current cycle, Moss suggested a potential cycle top in Q4 2025 or Q1 2026, with Bitcoin around $170,000, advising investors to focus on long-term trends rather than short-term price movements.

Some Analysts Warn Bitcoin Could See Deeper Correction

Crypto analyst BitcoinHyper highlighted a potential bearish scenario for Bitcoin despite a recent 10% drop and a brief rebound from daily support levels. Key weekly and horizontal supports have been broken, confirming a downtrend on 1-hour, 2-hour, and 4-hour charts.

The analyst’s “ideal scenario” involves a short-term rally to around $119,000, potentially triggering a short squeeze, followed by a deeper correction toward $108,000. A worst-case scenario could see prices near $18,000 if a larger pattern emerges.

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Oversold indicators suggest a temporary rebound, but the overall trend remains bearish. BitcoinHyper recommends cautious long positions with tight stop-losses and selling into strength.

Separately, Ryan Lee, Chief Analyst at Bitget, expects Bitcoin to trade between $112,000 and $118,000 amid profit-taking and cautious sentiment. He noted that increased leverage in futures markets may heighten volatility, while macroeconomic factors, including Federal Reserve decisions, could influence price direction. The market reflects a balance between rebound opportunities and potential further corrections.