From the positivity corner yes Bitcoin will wax strong and skyrocket it just takes a matter of time and patience. We are aware of the current price trends reaching up to $120k so then a $1M is possible. Overtime we've seen and heard of the setbacks accompany Bitcoin rising phase but it hasn't changed the fact that it's leading towards more adoption and thus the reason it would be spectacular getting to that very price.
Bitcoin started its journey with zero dollar and in 15 years it's price managed to reach 120k$. Next inline is 150k$, which is now almost certain. There are not many such examples in human history where price of an asset has gone up so much in short duration. Moreover the big institutes are now also taking interest in Bitcoin and with time the number of big institutes taking interest in Bitcoin will increase. I can't predict the date but the price of Bitcoin will surly make it to 1M one day.
Like the saying... Bitcoin volatility is technically an endless elastic which any price between the
Higher and
Lower price is liable to emerge which solely is influenced or determined by investors decisions.
As it is, those high institutions with their holdings driving the Bitcoin price are solely holding for a longer time without the plans of selling off their assets yet. And the more they keep holding and buying more like those hodlers with their aggressive buying of Bitcoin is the more Bitcoin price will keep soaring.
If you ask institutions like Strategy of when they are going to sell their Bitcoins, you will be told to wake up from your dream because they have got no plans for that yet because, Bitcoin is still indeed an asset of Milk and Honey. They are not ready to miss all that profits Bitcoin holds In the future. Funny enough more institutions are coming onboard and that just a ton of hopefulness that Bitcoin could be resilience with the potential to hit $1M only that the timing will remain unpredictable just as Bitcoin itself can not be predicted in the short or long time.
Perhaps short term goalers such as traders can always sell as usual but since their portfolios are not the key drivers of the Bitcoin market does can not reshape the market directions. $1M is sure. We just have pray for life in the long term.