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The "$1 million Bitcoin" advocate Samson Mow has renewed his ultra-bullish stance on the leading cryptocurrency, suggesting the next major milestone is no longer speculative — just a matter of timing. His latest post offers a long-term target of seven figures per BTC, something that would require the asset to “add a zero” from current levels around $118,000.
The comment comes at a moment when Bitcoin’s price action is starting to reflect that kind of ambition. On the weekly chart, BTC has pushed through a key resistance zone and is now trading in the open air. This is its strongest weekly candle since May. With the breakout structure in place and things picking up, people are looking at what could be the next serious leg higher.
The chart shows that the weekly closes are going up, the lows are staying high, and there's no real overhead resistance until you get into the $150,000 range and above. Momentum indicators are turning bullish again, and trading volume is starting to follow the price, which is a classic setup for vertical expansion.
Bitcoin's still got solid support behind the scenes, with strong demand for ETFs, a lot of net inflows and long-term holders selling less. On-chain data shows that supply held by illiquid wallets is growing, suggesting that most of the coins in circulation aren't looking to move anytime soon.
The idea of Bitcoin hitting a million dollars per coin isn't just a crazy idea anymore. It's being priced in, slowly but surely — not just by retail traders, but also by funds, desks and macro allocators tracking the asset's breakout in real time.
Right now, it's less about if Bitcoin will add that extra zero and more about what will trigger the next phase of the run.
Dan Burgin
Vladislav Sopov
U.Today Editorial Team