Miller Value Partners Chief Investment Officer: Bitcoin's Technical Pattern Improving, May Be Positioned for Further Upside

January 6 News - Bill Miller IV, Chief Investment Officer at Miller Value Partners, stated that Bitcoin's current technical pattern is improving and the price trend "appears ready to launch again." During an interview with CNBC, he pointed out that from a technical perspective, Bitcoin may break through previous highs, and he linked this assessment to changes in the U.S. regulatory environment and Wall Street's continued advancement in on-chain infrastructure deployment.

Miller IV mentioned statements from Paul Atkins, Chairman of the U.S. Securities and Exchange Commission, regarding capital markets gradually migrating on-chain, as well as traditional financial institutions including JPMorgan Chase continuing to build on-chain infrastructure. He also stated that Bitcoin's previous cyclical pullbacks and underperformance relative to gold are not unusual, and given its volatility, observation should be made over longer-term price cycles. According to CoinGecko data, Bitcoin's current price is approximately 93,750 dollars, down from the historical high set last year, but has recorded certain gains since 2026.