Bitcoin to Skyrocket to $1M? BPI’s Bold Projection Gains Steam as BTC Eyes $86K Breakout

Bitcoin is back in the spotlight, and not just because of market volatility. A bold projection from the Bitcoin Policy Institute (BPI) suggests that if the US government were to accumulate 1 million BTC, the BTC price could skyrocket to $1 million. It may sound like a long shot, but BPI’s head of policy, Zach Shapiro, believes it’s a real possibility. On a recent Bitcoin Magazine podcast, he explained how such a bold move would send a shockwave through global markets and push BTC price “through the roof.” While purely hypothetical, the discussion reflects growing interest in positioning Bitcoin as a core pillar of America’s strategic future.

Trump’s Bitcoin Reserve Plan Gains Traction

That $1 million BTC forecast aligns with President Donald Trump’s March 7 executive order, which laid the groundwork for a Strategic Bitcoin Reserve. The order signals a shift in how the US might approach Bitcoin, a strategic resource like gold, not just a digital asset. Matthew Pines, executive director at BPI, underscored the idea that building a large BTC Reserve would be key to establishing the US as a global Bitcoin leader. With other countries carefully observing America’s stance, Trump’s evolving crypto strategy is shaping up to be a major factor in the global digital economy.

Trump’s Tariffs Could Help Fund BTC Buying

One of the most compelling ideas to emerge is how the US might fund this Bitcoin Reserve without raising taxes. Pines suggested using revenue from recent tariffs as a “budget-neutral” method to acquire BTC. That fits neatly with Trump’s tariff policy, especially after the recent April 2 order that introduced a 10% baseline tariff on all imports. Other non-tax sources ,  like gold sales and federal royalties ,  could also help. With this policy shift influencing sentiment, the market has begun pricing in the potential impact. Now’s the time to break down how BTC price has responded, and where it could be headed next.

BTC Price Action Analysis of April 16th, 2025

The BTC Price on a 5-minute chart showcases distinct market phases, beginning with a bullish uptrend within an ascending channel that was followed by a strong rejection near the resistance zone around $86,000. This resistance zone proved significant, as the price swiftly reversed from this level, initiating a sharp downtrend contained within a descending channel. The RSI indicators during the rally frequently touched or exceeded the overbought threshold, signaling buyer exhaustion before the correction began. MACD golden crosses supported the initial bullish momentum, while subsequent death crosses aligned with the bearish channel breakdown, confirming the trend shift. The RSI during the decline repeatedly entered oversold territory, suggesting temporary bounces were likely, yet momentum remained predominantly bearish.

Chart 1, Analyzed by Alokkp0608, published on April 16th, 2025

Buyers stepped in as the price reached the support zone near $83,000, halting the decline and initiating a sideways consolidation. This support has held multiple tests, reinforcing its strength. Multiple MACD golden crosses have emerged in this consolidation phase, signaling improving momentum, and the RSI has climbed above 60, suggesting a shift in sentiment. The BTC price is pushing higher toward the mid-range, indicating early bullish intent, but it remains below resistance. The support and resistance zones are key inflection points for any upcoming breakout or breakdown.

BTC Eyes Breakout as Reserve Talk and Tariffs Shift Sentiment

With technical signals turning bullish and major macro narratives heating up, Bitcoin is at a critical tipping point. The idea of a U.S. Strategic Bitcoin Reserve, possibly funded by Trump’s new tariff policies, has added fresh fuel to long-term price speculation. On the chart, BTC has respected key support and shows signs of renewed strength, with RSI recovery and MACD golden crosses pointing toward a shift in sentiment. As buyers step back in and price edges upward, all eyes are now on the resistance zone. If momentum holds, BTC looks poised to rechallenge the $86,000 level soon.

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