Bitcoin 'Power Law' says bull market momentum will return in three months or more, but a BTC price target of $200,000 is waiting.
BTC price momentum is still at least three months from returning upward, says analysis, but the outlook for the coming years should delight Bitcoin bulls.In a post on X on July 9, Apsk32 returned to his Power Law metric to chart likely Bitcoin market performance in the years to come.
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 upwards. For 12 years, every bear market has returned to this support line,” part of aNow, relaying past price action onto the current four-year cycle, as defined by Apsk32, is helping to explain current market behavior — including the
“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.”An accompanying chart shows the so-called “Power Law Fractal Cloud” — a guideline range for BTC/USD going forward.continues to reportby Bitcoin miners over the past month, along with a return to net inflows for the United States spot Bitcoin exchange-traded funds .
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