An analyst has explained how the next Bitcoin top could be situated around $400,000, if this model for the asset’s price continues to hold.
Bitcoin Long-Term Power Law Could Reveal Possible Location Of Next Top In a new post on X, analyst Ali Martinez has talked about what the Long-Term Power Law could say about the next potential Bitcoin top.
“This power law is just a straight line to represent the correlation between Bitcoin’s price and time,” notes Bitbo in the model's description.
The other two lines of the model are just replicas of the power law, with the only difference being how they are arranged on the chart. One of these lines is placed under the power law, serving as the support line, while the other sets an upper boundary, known as the resistance level.
The graph shows that Bitcoin set three of its major tops around the resistance line. However, the 2021 bull run top occurred before the asset could reach the level.
“If the Bitcoin Long-Term Power Law holds, the next market top might hit around $400,000!” notes Martinez. He also suggests that the next cyclical top could occur around October 2025.
