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Cryptocurrency News Articles
Crypto Trader Predicts Bitcoin Price To Hit $400K Based on This Long-Term Pattern
Sep 25, 2024 at 12:45 am
Ali, a prominent crypto analyst, has made a bold prediction regarding Bitcoin's future price trajectory, suggesting that if the Long-Term Power Law holds, Bitcoin could reach around $400,000 in the next market cycle.
Crypto Trader Predicts Bitcoin Price To Hit $400K Based on This Long-Term PatternAli, a well-known crypto analyst, has made a bold prediction about Bitcoin’s future price trajectory, suggesting that if the Long-Term Power Law holds, Bitcoin could reach around $400,000 in the next market cycle.
The analysis is based on a logarithmic price chart that tracks Bitcoin’s historical price movements, highlighting significant trendlines that illustrate its long-term behavior. Here are some critical data points from the chart:
If the #Bitcoin Long-Term Power Law holds true, the next market top might hit around $400,000!
pic.twitter.com/yuQbKNMefU
BTC Price Prediction Based on the Power Law ModelContext of Ali’s Tweet
Ali mentions the Long-Term Power Law, which suggests that Bitcoin’s price tends to follow a predictable logarithmic growth pattern over time. This indicates that future price peaks and troughs can be anticipated based on historical data.
The chart illustrates a long-term resistance line (in purple) that aligns with this power law. If Bitcoin’s price movements continue to adhere to this pattern, the next major bull cycle could see Bitcoin reach the projected peak of approximately $400,000.
Analysis of Bitcoin’s Cyclical Behavior
Bitcoin has historically exhibited a cyclical pattern, with market tops occurring roughly every four years, often coinciding with BTC halving events. The next significant peak is expected around 2025, following the halving that occurred in April 2024.
The primary price projection of $392,532.17 suggests that if Bitcoin maintains its historical power law, this could mark the next cycle’s peak.
Future Market Top Prediction
In another tweet, Ali also mentioned that Bitcoin could see a peak in October 2025 if it repeats what happened in the last two cycles.
This further supports the notion that if Bitcoin’s current cycle mirrors the previous two, a major peak could be on the horizon.
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