Bitcoin is trading just under $119,000, with new on-chain data suggesting the current market cycle may be nearing its top, arriving as soon as late August or early September. In a July 28 analysis, CryptoQuant contributor Yonsei Dent pointed to…

Bitcoin cycle top may arrive by late August as MVRV nears peak zone: CryptoQuant

A crypto analyst has issued a bold new forecast on the future trajectory of 
Bitcoin (BTC), claiming that the era of parabolic bull runs and painful bear 
markets is over. In its place, he envisions a slower, more institutionally 
driven path toward long-term growth. Looking ahead, the analyst believes that 
Bitcoin could reach $1,000,000 in the next decade. Bitcoin Road To $1,000,000 
Will Be Slow In an X social media post, Mitchell Askew, a crypto market expert 
and the Head of Research at Blockware, shared his long-term bullish outlook 
for Bitcoin, predicting that the flagship cryptocurrency is set to hit 
$1,000,000 within the next 10 years. However, he noted that this massive price 
surge won’t come from explosive bull runs previously seen in 2013 or 2017. 
Related Reading: The Final Bitcoin Act: Here’s What To Expect As BTC Trends 
Sideways According to the analyst, Bitcoin has moved past the age of parabolic 
price surges followed by crushing drawdowns. Rather than repeating past cycles 
of 10,000% gains in a year trailed by a 75% crash, the flagship cryptocurrency 
is now exhibiting a much more controlled and less dramatic growth pattern. He 
believes that the cryptocurrency’s rise to $1,000,000 could unfold through a 
cycle of pumps followed by prolonged consolidations, making it a slow climb. 
This gradual growth style will likely discourage short-term speculators and 
casual investors, allowing only those with long-term conviction to benefit. 
Askew’s bold BTC forecast and speculations about a slower growth trajectory 
are rooted in his belief that the cryptocurrency’s price action has 
fundamentally changed following the launch of Spot Bitcoin Exchange Traded 
Funds (ETFs). The introduction of this investment product in early 2024 marked 
a turning point for BTC, transforming it into a more stable and 
institutionalized asset class. Notably, since the approval of the Bitcoin ETF, 
the analyst asserts that the most significant drawdown the cryptocurrency has 
faced is about 30%—a stark contrast to the extreme volatility of the past. 
While Bitcoin remains volatile by traditional standards, the nature of its 
price swings has considerably shifted, pointing to broader stabilization in 
the market. In this environment, private miners, particularly those affiliated 
with BlockwareTeam, are expected to benefit the most. By continuously mining 
at a lower cost and taking advantage of tax incentives like a 100% bonus 
depreciation on hardware, they stand to profit steadily as Bitcoin climbs 
higher. Askew believes that this evolution is not overly optimistic or 
bearish, but rather a logical progression as BTC matures into a mainstream 
financial asset with increasing institutional involvement. Analyst Warns 
Against Unrealistic Short-Term Gains In his analysis, Askew noted that the 
expectation that Bitcoin could surge to $500,000 in just five months, or that 
identifying a precise cycle top will lead to easy profits, is now considered 
unrealistic. The analyst warned investors against overly bullish sentiment in 
the short term or relying on outdated cycle theories. Related Reading: Hold On 
For Dear Life: This Bullish Bitcoin Metric Just Touched A 15-Year High He 
suggests that trying to time market tops based on past halving cycles may 
leave investors sidelined while Bitcoin continues its slow and steady climb 
throughout the Trump administration. Featured image from Getty Images, chart 
from Tradingview.com

The Days Of Parabolic Bitcoin Bull Runs Are Over: Analyst Reveals How BTC Will Reach $1,000,000

The former penny stock is riding a 1,300% rally post-merger, as it looks to 
deepen its crypto treasury strategy with a billion-dollar funding push.

Tron Inc. seeks $1B to grow TRX holdings as stock rallies

CEA Industries is leading an ambitious $500 million private placement with 10X 
Capital and YZi Labs, aiming to build what it termed the “world’s largest” 
publicly traded BNB treasury company. In a press release dated July 28, CEA 
Industries Inc.…

CEA Industries eyes BNB treasury supremacy with $500m backing

The trade agreement was announced on Sunday in Scotland, where U.S. President 
Donald Trump has been touring for the past few days. BTC Regains $118K in the 
Wake of Trump’s Trade Agreement With EU U.S. President Donald Trump says he 
closed “the biggest deal ever made” after successfully negotiating a trade 
agreement with the European […]

Bitcoin Back at $118K After Trump’s EU Trade Deal

The move reflects rising institutional appetite for yield-generating crypto 
exposure, according to SOL Strategies.