the Bitcoin price expected to reach 6 figures For several years, this goal has remained elusive for cryptocurrencies. However, with experts predicting that cryptocurrencies will see a price surge, six-figure Bitcoin price predictions have once again emerged. One crypto analyst has gone even further, predicting when Bitcoin will hit $200,000 based on historical data.
Bitcoin Power Law and Exponential Decay Theory
In X (formerly Twitter) mailA cryptocurrency analyst who goes by the pseudonym @apsk32 has pointed to a 13-year trend that has held true for Bitcoin since its inception. This trend uses a power law equation and exponential decay to help determine how high Bitcoin’s price has risen in each cycle and how low it is likely to fall afterward.
The Power Law Cycle Cloud, which the crypto analyst showed in a video attached to the X post, showed how much BTC’s price has risen and fallen in the last three bull and bear cycles. Using the same trend, the crypto analyst suggested how much Bitcoin’s price has risen.
According to the trend, the crypto analyst believes that the price of Bitcoin will break the six-figure barrier and peak at or near $200,000. This is expected to happen in 2025, which will stick to the steady four-year bull cycles. Bitcoin.
Just as the trend predicts how high the price will go, it also shows how low it might go in a bear market after a bull run. He predicts that in 2026, Bitcoin will drop by about 57.5% from its high of $200,000 to a low of $85,000.
The crypto analyst also touched on concerns about Bitcoin’s price deviating from this trend. On the one hand, he pointed out that Bitcoin advocate Michael Saylor said “all your models will collapse!” However, the analyst highlights the fact that the model Saylor ultimately presents for Bitcoin is also in line with what the power law says.
The analyst also acknowledged the possibility of the channel being invalidated, saying: “I will wait for the channel to be invalidated. As someone who has seen his Bitcoin drop 80% twice, I am looking for more than just ‘this time will be different.’”
As for the Bitcoin is moving away Of the power law and exponential decay trend, the crypto analyst explained, “We don’t have to like this, but we have to respect it.” “We hope this changes while staying aware of this trend that has been going on for 13 years,” he added.
Featured image created using Dall.E, chart from Tradingview.com
