Bitcoin to $1.8 Million!? Analyst Sparks Discussion with Bullish Bitcoin Price Prediction

Bitcoin could hit an astonishing $1.8 million per coin by 2035, despite recent price crashes and international trade tensions, according to Joe Burnett, Director of Market Research at Unchained. Speaking on a live show on X, Burnett placed confidence in Bitcoin’s long-term trajectory. He suggested that it could soon rival gold’s $21 trillion market capitalization by 2035. “When I think about where Bitcoin will be in 10 years, there are two models I admire,” Burnett said. “One is the parallel model, which suggests Bitcoin will be about $1.8 million in 2035. The other is Michael Saylor’s Bitcoin 24 model, which suggests Bitcoin will be $2.1 million by 2035.”

Bitcoin vs Gold: Is it Even A Competition?

Adding his two cents to the Bitcoin vs gold debate, Burnett said that Bitcoin’s technological progress will eventually allow it to overtake gold as a store of value. “The automobile industry is significantly more valuable than the horse and buggy industry,” he remarked. He further added that if Bitcoin had a number close to gold’s market cap, it would be at $1 million per coin today. This shows Burnett’s belief in Bitcoin’s potential to become the dominant safe asset in the face of volatility. 

Bitcoin Holds Strong Amid Volatility

Despite the current Bitcoin price holding around $82,000 after the market crash this month, Burnett remains optimistic about the coin’s resilience during bear markets. “The highs bring [Bitcoin] attention, and the deep, dark bear markets move coins into the hands of the strongest, most convicted holders,” he explained. This demonstration of resilience could set the stage for long-term growth as institutional adoption increases. 

While some analysts remain cautious due to the tariff-induced market volatility and the dismal performance of Bitcoin ETFs, Burnett’s prediction has sparked discussions about the future of the Bitcoin price. With predictions suggesting Bitcoin prices as high as $2.1 million by 2035, bullish sentiments rise among investors worldwide.

Bitcoin Price Analysis 

Bitcoin commenced trading at $79,500 yesterday, continuing on the downtrend. With the market now oversold, a golden cross formed on the MACD, and a reversal was seen. Bitcoin formed a stable uptrend, ascending rapidly at first. The uptrend would carry on the entire morning until 9:00 UTC, where Bitcoin would continue to grow beyond the resistance point despite overbought conditions prevailing. Bitcoin reached $82,939. It faced slight correction with a death cross, but spiked once again to breach $83,000. However, it faced immediate correction and fell to the $81,364 support. 

Chart 1: published on TradingView, April 12, 2025 

However, buying pressure picked up soon, and Bitcoin ascended in a channel, consolidating around the $82,776 support. It continued to climb in the presence of strong buying pressure, plateauing at the $84,100 resistance. Bitcoin challenged the resistance repeatedly before finally losing the bullish trend. A slow downtrend followed, and Bitcoin was seen finding support at the $82,776 mark again. The coin found another uptrend, but faced rejection at the $84K mark again. Since then, Bitcoin has displayed horizontal range-bound behavior, consolidating around $83,500. 

BTC Price Prediction: Can Bitcoin Continue to $85K Today?

Bitcoin has enjoyed a strong buying trend in the last 24 hours. After every ascent, it has been able to form a trading range and hold on to the gains. Given that, Bitcoin looks highly poised to showcase more upward movement today. Most of the movement will be trend-based, unless the current resistance breakout occurs in the form of a spike. As of now, RSI rests in the middle, if it tips to either side, some rapid movement may occur.