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Chief Investment Officer of Miller Value Partners: Bitcoin's Technical Pattern Improves, Potentially Ready for a Resurgence
January 6 News, Miller Value Partners Chief Investment Officer Bill Miller IV stated that Bitcoin's current technical pattern is improving, and the price trend "appears to be ready for another move." In an interview with CNBC, he pointed out that from a technical perspective, Bitcoin may break through previous highs, linking this judgment to changes in the US regulatory environment and Wall Street's ongoing on-chain deployment.
Miller IV mentioned that statements from SEC Chairman Paul Atkins about the capital markets gradually migrating on-chain, as well as traditional financial institutions including JPMorgan continuously building on-chain infrastructure, support this view. He also noted that Bitcoin's phased corrections and underperformance compared to gold are not unusual, and considering its volatility, it should be observed over a longer-term price cycle. According to CoinGecko data, Bitcoin's current price is approximately 93,750@E5@ USD, down from its all-time high last year, but it has still recorded some gains since 2026.