Billionaire Tim Draper Reiterates Bitcoin Target
- Bitcoin Advocate: Billionaire investor Tim Draper, an early investor in Tesla in 2006, spent $19 million to acquire 30,000 BTC in a 2014 U.S. Marshals auction, demonstrating his strong belief that Bitcoin is the currency of the future.
- Extended Bitcoin Target: Draper initially predicted Bitcoin would reach $250,000 by the end of 2025, but has now pushed this target to the end of 2027, while maintaining confidence that Bitcoin will surge in the next 18 months amid inflationary pressures on the U.S. dollar.
- Crypto Investment Portfolio: Draper has also invested in leading crypto firms like Coinbase and Robinhood, solidifying his influence in the crypto space, and he engages with crypto streamers on DraperTV to promote Bitcoin adoption.
- Market Volatility Insight: Although Bitcoin hit a record high of $126,080 in October 2025, it is currently trading at $74,271.20, reflecting a 40% decline from its peak, indicating significant market uncertainty and volatility.
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Technical Analysis for BTC
Technical Sentiment Analysis for Bitcoin (BTC). As of , Bitcoin (BTC) is exhibiting a Neutral technical sentiment. Our proprietary analysis, which aggregates 7 technical signals, shows that 3 indicators are flashing buy, while 4 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status. Currently, the Relative Strength Index (RSI) for BTC stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the crypto.
Support, Resistance & Moving Averages. From a structural perspective, BTC is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
Bitcoin (BTC) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 60140.773 | 63936.391 | 68446.763 | 72242.381 | 76752.753 | 80548.371 | 85058.743 |
| Fibonacci | 63936.391 | 67109.28 | 69069.493 | 72242.381 | 75415.27 | 77375.483 | 80548.371 |
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