A new long-term outlook on Bitcoin (BTC) published this week describes a climb to $150,000 by 2030 as realistic, while treating a $1 million valuation as unlikely. The analysis, authored by Sam Daodu for 24/7 Wall St., arrives as Bitcoin trades well below its record high, has slipped for roughly a month, and faces cooling demand for spot exchange-traded funds (ETFs) — funds that hold the asset directly and trade like stocks.

According to the analysis, two nearby levels now matter more than distant targets: support near $73,500 and resistance around $84,400 — price zones where traders watch for potential stalls and reversals. Those levels are likely to decide Bitcoin's next move before any longer-term march toward the 2030 targets can take shape.

Analyst Weighs Four Scenarios, Sees Up to $250,000 as Realistic

Daodu weighed four scenarios for Bitcoin, ranging from a modest gain to a $1 million price. He considers a range up to $250,000 realistic and views the most extreme targets as unlikely.

His case rests on scarcity, since almost all of Bitcoin's fixed supply is already in circulation. Halving cycles add to that thesis — the pre-programmed events that cut the rate of new Bitcoin issuance roughly every four years — with the next halving expected in 2028.

Near-term demand, however, looks softer. Spot Bitcoin ETFs have logged a string of uneven days marked by notable outflows, leaving the long-term story dependent on whether large buyers return before the next leg of the cycle.

Support at $73,500 Faces a Likely Retest

Bitcoin currently trades near $75,600, down about 12% over the past month. The nearest strong support sits around $73,500, while resistance stands much higher, at roughly $84,400.

Technical indicators lean firmly bearish, so a retest of support looks more likely than a quick rebound. A break below $73,500 could open a path toward $69,500, while a move back above $84,400 would change the picture and bring the $90,000 area back into view.

MEMASA Readies AI Trading App for Market Debut

While Bitcoin tests these levels, some traders are also watching early-stage projects built around the market itself. One of them is MEMASA ($MEMASA), an upcoming AI crypto trading app that lets users research and trade crypto through a chat with an AI assistant. Its token sells at $0.0155 in an ongoing on-chain sale.

The app targets problems familiar to crypto traders: too many charts, scattered market data, scam tokens, and complicated interfaces. MEMASA plans to combine market intelligence, risk checks, automated strategies, and trading within a single self-custodial app.

If the crypto market enters another bullish phase, growing interest in altcoins could bring more people into trading. MEMASA aims to serve that audience by making market research and trading as simple as a conversation. Its potential appeal extends from beginners struggling with trading interfaces to experienced traders who want faster access to market insights.

Token Utility and Early Sale

$MEMASA is the utility token powering the MEMASA ecosystem. Its planned uses include premium AI intelligence, trading fee discounts, marketplace payments, and staking for analysts and AI agents.

According to the report, the token's potential derives from stronger sentiment across the crypto market and growing demand within the MEMASA ecosystem. If the app attracts a wide audience, it could drive demand for $MEMASA.

MEMASA is currently offering early access to $MEMASA through an on-chain early sale, with prices below the project's anticipated public listing price. Earlier stages offer lower prices, while later stages provide faster token unlocks.

A Bitcoin rally could create favorable conditions for MEMASA's debut. The bigger test, however, will be whether the app delivers on its promise to simplify crypto trading and attracts enough users to build lasting demand for its token.

The Road Ahead for BTC and MEMASA

Bitcoin's next move likely hinges on whether buyers defend support near $73,500. A recovery above $84,400 would put the longer-term bullish case back on firmer ground. The 2030 targets remain distant, and ETF demand — visible in the funds' daily flow reports — will shape how quickly the market can build toward them.

MEMASA faces a different test, as it needs to turn an AI trading concept into an app people use every day. Both Bitcoin's path and MEMASA's outcome remain uncertain, and higher potential comes with higher risk.

This article originally appeared on Blockonomi.