Bitcoin's valuation might skyrocket to $1.5 million by 2035, according to Metcalfe’s Law analysis, forecasting a potential 15x increase. This bullish projection is supported by recent market movements, despite Bitcoin's pullback to $92,805.
In the past 24 hours, roughly $524 million was liquidated, highlighting the volatile nature of the crypto market. Analyst Keith Alan identifies key support levels at $91,500 and $86,500 with $300M in bid liquidity. The analysis signals both caution and opportunities for traders looking at Bitcoin's path toward its ambitious projection.