Bitcoin Price Prediction As Pantera Capital CEO Predicts BTC Will Hit $15 Trillion Market Cap

The Bitcoin price edged up a fraction of a percentage in the past 24 hours to trade at $87,591 as of 12:58 a.m. EST on trading volume that plunged 56% to $15.8 billion.

This comes as Dan Morehead, founder and CEO of Pantera Capital, says that the Bitcoin price could reach a staggering $740,000 by April 2028, giving it a market capitalization of $15 trillion.

The prediction, made live on CNBC, was rationalized by comparing Bitcoin’s potential to the $500 trillion in global financial assets.

 “Bitcoin has already done three orders of magnitude,” Morehead stated. “Another one seems plausible.”

This sentiment is shared by on-chain analyst Axel Adler Jr., who says that Bitcoin has not suffered any excellent selling pressure in over 1,079 days. The former record holds at 1,125 days.

According to Adler, this indicates that sellers may be exhausted in the coming days.

Bitcoin Price Faces Bearish Continuation Pressure

The BTC price traded above the $108,000 support level from June to September, a move that allowed the asset to rally toward the $126,200 all-time high (ATH), where strong selling pressure emerged.

Bitcoin then formed a rounded top structure, which evolved into an inverted cup and handle pattern, before breaking down toward the $88,000 neckline support area. This region has since acted as a consolidation zone, with $94,000 serving as a key resistance barrier on the upside.

The bearish stance has pushed BTC to trade below both the 50-day and 200-day Simple Moving Averages (SMAs). This shift in trend has been reinforced by the 50-day SMA crossing below the 200-day SMA, forming a death cross near $110,600, signaling a broader loss of bullish momentum.

Meanwhile, the Relative Strength Index (RSI) is hovering around 43, remaining below the neutral 50 level. This suggests that bearish momentum still dominates, although the RSI indicates the market is not yet oversold.

BTC Price Outlook

The BTC/USD chart analysis invalidates Morehead’s and Adler’s prediction, as indicators and the current price movements indicate a possible continued drop.

Bitcoin remains under pressure after confirming a breakdown below the inverted cup and handle neckline. As long as the BTC price remains below the $88,000–$90,000 resistance zone, the broader structure favors further downside or extended consolidation.

If selling pressure increases and the neckline support fails decisively, the price of BTC could extend its decline toward the $78,000–$80,000 support zone, with a deeper measured-move target pointing toward the $60,000–$62,000 region in a high-risk bearish scenario.

Conversely, if the Bitcoin price manages to reclaim the neckline and move higher, the next upside targets would be the 50-day SMA around $90,842, followed by the 200-day SMA near $107,279, which represents major long-term resistance.