Bitcoin Power-Law Model Puts a +100 Reading at About $157,800
The indicator was +34.5 as of Oct. 3, when Bitcoin was about $84,700. The reference level reflects that day’s model parameters.
Bitcoin (BTC) analyst Darkfost said Bitcoin’s fluctuations around its power-law trend line are gradually declining as market-cycle fluctuations converge.
As of Oct. 3, the model’s indicator was +34.5 and Bitcoin was about $84,700. Under the Oct. 3 model parameters, a +100 reading corresponded to about $157,800, roughly 86% above Bitcoin’s price of about $84,700.
The $157,800 figure is a reference level calculated from the model’s regression parameters, not a fixed price target. If the power-law trend line continues to rise, the price associated with a +100 reading would rise as well.
Enna Lee
ReporterEnna Lee reports on investing and digital-asset markets for TokenPost. Send corrections or tips to info@tokenpost.com.