Fun

Bitcoin ‘Power Law’ sees up to 300% BTC price gains by late 2025

News Feed - 2024-07-09 06:07:15

William Suberg14 hours agoBitcoin ‘Power Law’ sees up to 300% BTC price gains by late 2025BTC price momentum is still at least three months from returning upward, says analysis, but the outlook for the coming years should delight Bitcoin bulls.4786 Total views31 Total sharesListen to article 0:00Markets NewsOwn this piece of crypto historyCollect this article as NFTJoin us on social networksBitcoin has three months to go until the bull market resumes — but it can still see 300% gains by 2026.


Those are some of the conclusions of fresh BTC price analysis from the pseudonymous engineer known as Apsk32.BTC price “acceleration” not due for at least three months


In a post on X on July 9, Apsk32 returned to his power law metric to chart the likely future performance of the Bitcoin (BTC) market.


The power law essentially provides a lower BTC price support band, which has held since BTC/USD traded at just $1. Several other bands, or “time contours,” provide additional price information, ultimately giving a $1 million price target for 2036.


“Time contours tell us how long it will be before the support forces current prices upward. For 12 years, every bear market has returned to this support line,” part of a previous X post from June explains.“The support passes one million dollars in 2036 and bitcoin isn’t stopping there.”


Relaying past price action onto the current four-year cycle, as defined by Apsk32, is helping to explain current market behavior, including the ongoing 25% drop from March’s $73,800 all-time highs.


“If bitcoin’s cycle pattern continues, price should remain inside or near this blue cloud,” the latest post summarized.“The ETFs pushed us out of the cloud and now we"re reverting back. We"re 3+ months away from upwards acceleration and we could see prices go up 4x by the end of 2025.”Bitcoin power law fractal cloud. Source: Apsk32


An accompanying chart shows the so-called “Power Law Fractal Cloud” — a guideline range for BTC/USD going forward.


“Does the price have to stay within the cloud? Absolutely not,” Apsk32 acknowledged.“This time could be different, in fact it already is.”Bitcoin “moving from weak to strong hands”


As Cointelegraph continues to report, Bitcoin traders are poised for further BTC price downside as a feeling of fear takes over across crypto.


Related: BTC price risks ‘double top’ — 5 things to know in Bitcoin this week


Sub-$50,000 levels have returned to the radar, again bringing the current drawdown in line with those past.


Sources of optimism meanwhile include reduced selling by Bitcoin miners over the past month, along with a return to net inflows for the United States-based spot Bitcoin exchange-traded funds (ETFs).Source: Filbfilb


The latter saw inflows of nearly $300 million on July 8, marking their best single-day tally in over a month, per data from sources including United Kingdom-based investment firm Farside Investors.US-based spot Bitcoin ETF net flows (screenshot). Source: Farside Investors


“Looks like the boomers & institutions are buying the dip here, while Germany offloads a bunch of coins,” popular trader Jelle wrote in part of a response, contrasting ETF buying with BTC sales by the German government.“Coins moving from weak, to strong hands.”


This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.# Bitcoin# Bitcoin Price# Markets# PredictionsAdd reaction

News Feed

Robert Kiyosaki Warns Of A Bitcoin Crash To $5,000: Here’s Why
Este artículo también está disponible en español. Robert Kiyosaki, the renowned author of “Rich Dad Poor Dad,” has issued a stark warning about an impending f
Gareth Jenkinson9 hours agoEthereum layer 2s will continue to have diverse approaches to scaling — Vitalik ButerinEthereum co-founder Vitalik Buterin pens an analysis of Ethereum’s layer-2 ecosystem, highlighting div
Russian Regulators Find Common Ground — Bitcoin Can’t Be Used for Payments
Russian Regulators Find Common Ground — Bitcoin Can’t Be Used for Payments Russian authorities are yet to reach full consensus on the future of cryptocurrencies but government
Solana to $1K seems unlikely, but network fundamentals forecast $190 SOL
Marcel Pechman5 hours agoSolana to $1K seems unlikely, but network fundamentals forecast $190 SOLAnalysts forecast $300 to $1,000 SOL, but network data suggests that a rally to $190 is a more realistic expectation.3578 T
How to Leverage Uniswap – Ethereum’s Noncustodial Defi Trading Platform
How to Leverage Uniswap - Ethereum"s Noncustodial Defi Trading PlatformIn 2020 decentralized exchanges (dex) have grown quite mature compared to just a few years ago. One specific d
Bulgarian Electricity Company Unveils Details of Historic Power Theft Linked to Illegal Bitcoin Mining
Bulgarian Electricity Company Unveils Details of Historic Power Theft Linked to Illegal Bitcoin Mining One of the largest exporters of electricity in Europe has
Zhiyuan Sun7 hours agoConflux multichain protocol shuts down after 2 yearsShuttleFlow will change ownership to be operated and developed by Zero Gravity.6724 Total views25 Total sharesListen to article 0:00NewsJoin us on
$100K Bitcoin: S2F Author Confident With His Model, Suggests Six-Figure BTC Price by 2021
$100K Bitcoin: S2F Author Confident With His Model, Suggests Six-Figure BTC Price by 2021 Not too long ago, the author of the controversial bitcoin stock-to-flow
Animoca Brands and Venture Accelerator Brinc Launch $30 Million Play-to-Earn Guild Fund
Animoca Brands and Venture Accelerator Brinc Launch $30 Million Play-to-Earn Guild Fund The blockchain firm Animoca Brands announced the company has partnered with the venture acce
Börse Stuttgart, ECB cut settlement time in blockchain test
Josh O"Sullivan13 hours agoBörse Stuttgart, ECB cut settlement time in blockchain testBörse Stuttgart Group’s blockchain test, in collaboration with the European Central Bank, aims to revolutionize securities transac
Savannah Fortis10 hours agoSam Bankman-Fried FTX fraud trial continues: What to expect in the second weekIn the second week of his fraud trial, SBF will face testimonies against him from witnesses, including former partn
Will Dogecoin skyrocket 7 months after the Bitcoin halving again?
Zoltan Vardai3 hours agoWill Dogecoin skyrocket 7 months after the Bitcoin halving again?The top memecoins are far from previous highs, yet retail investors may view them as fairer opportunities than VC-backed coins with