A Bitcoin analyst predicts a potential Christmas rally, pushing Bitcoin between $200K and $300K, based on the 'power law' model . Bitcoin has already rallied by 10% in July, reaching new highs at $118,600, and this could be just the beginning of a parabolic rally . The analyst, known as apsk32, notes that Bitcoin's price action has followed a long-term power curve, a mathematical model reflecting BTC's exponential growth over time . The 'power law' model suggests that Bitcoin's price scales in a predictable, non-random way over the long run . According to apsk32, Bitcoin is slightly more than two years ahead of its power curve, meaning if the price stayed flat, it would take over two years for the long-term trendline to intersect it again . The analyst explains that we're currently above 79% of the historical data using this metric . The top, according to the analyst, is what he calls “extreme greed,” which spans from $112,000 to $258,000, a zone seen during Bitcoin's euphoric peaks in 2013, 2017, and 2021 . Satraj Bambra, CEO of perpetual trading platform Rails, stated that a couple of macroeconomic forces could drive Bitcoin significantly higher in 2025 . These forces include a falling dollar and anticipated Federal Reserve interest rate cuts, which may trigger a broader risk-on rally, with Bitcoin as a major beneficiary . However, the 'power law' model has limitations . It relies entirely on historical price patterns and may not adapt if Bitcoin's growth slows or changes . Furthermore, it doesn't factor in key supply-side factors like halvings and miner behavior . Nevertheless, the model offers a unique perspective on Bitcoin's long-term market behavior . Meanwhile, Bitcoin has already shown strong momentum, with its price printing a fresh all-time high of $116,868 . If the upward trend continues, it could extend the rally toward its key psychological level of $120,000 .
A Bitcoin analyst predicts a potential Christmas rally, pushing Bitcoin between $200K and $300K, based on the 'power law' model. Bitcoin has already rallied by 10% in July, reaching new highs at $118,600, and this could be just the beginning of a parabolic rally.
