Coinbase CEO Brian Armstrong believes Bitcoin’s cycle bottom is already in and targets $400,000 by 2030. Bitcoin currently trades around $77,000, roughly 39% below its record of $126,198 reached in October 2025. The key technical level to watch sits in the $80,000 to $81,000 range, where the 50-week moving average has become a critical marker. In August, Bitcoin surged 25.4% from $62,899 to $78,852, while US spot Bitcoin ETFs attracted $3.4 billion in inflows.
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