Cathie Wood, the CEO of Ark Invest, maintained her price target of $1.5 million for Bitcoin (BTC) until 2030, stating that Bitcoin is still in a bull market. Despite recent price fluctuations and some analysts calling for a bear market, Cathie Wood remains positive about the future of the cryptocurrency. In an interview with Bloomberg, Wood stated, “Bitcoin is in the middle of its four-year cycle. We still believe we are in a bull market, and the resolution of regulatory uncertainties in the United States is crucial for institutional investors to transition to this new asset class.” Wood revealed that she is holding onto the $1.5 million price target for Bitcoin until 2030. Wood’s assessments are in line with other upward projections in the market. Matt Hougan, the CIO of Bitwise, suggested that Bitcoin could exceed $200,000 by the end of the year if current macro uncertainties decrease. These projections are supported by widely used valuation models such as the MVRV-Z score, which currently stands close to last year’s local lows. Historically, peak levels have usually exceeded 6. If historical trends repeat, it appears that there is still ample room for growth in the BTC price. Amid mixed interpretations of Bitcoin’s current outlook, Ki Young Ju, the CEO of CryptoQuant, presented a different view. Ju suggested that the bull market could end in the next 6 to 12 months, arguing that there is not enough ETF inflow and trading volume to push BTC over $100,000. However, the recent trend of outflows in Bitcoin spot ETF products reversed in the last three days, with an influx of $274.5 million on March 17 and demand of $209 million on March 18. The data indicates a potential shift in market dynamics. Uncertainties persist in the short term regarding the continuation of Bitcoin’s recovery process. While renewed ETF demand is seen as a significant factor that could support the BTC price, the most crucial element that will shape the long-term direction is macroeconomic developments and the Federal Reserve’s interest rate policies.