The long-term price stagnation of Bitcoin (BTC) has led some traders to seek the price ceiling of this cryptocurrency, while others believe Bitcoin is still on track to reach higher goals in 2025. An analyst has compared the possible path of Bitcoin with the recent rise in the price of gold, suggesting a potential 400% increase in the price of the world’s largest cryptocurrency. Utilizing the Power Law model, the analyst has normalized the market value of Bitcoin based on the price of gold, indicating the potential for significant growth. Despite market fluctuations, historical data suggests Bitcoin has always stayed within a predictable range relative to the Power Law support line. Looking at the four-year cycle of Bitcoin, if the current trend continues, another upward wave can be expected. Blockware Solutions had predicted similar price ranges for Bitcoin back in December 2024, indicating potential growth. Factors like strategic Bitcoin reserves by the US government, reduced interest rates by the Federal Reserve, and increased acceptance by large companies could drive the price of this cryptocurrency to $400K. The cryptocurrency market has been in a recession over the past week, with Bitcoin fluctuating between $95K to $97K. Investors are cautious, but market changes may occur in the coming days. ShayanBTC, an anonymous analyst, has pointed to the Buy-Sell Ratio as an indicator of a strong price rebound from the bottom. You can monitor the live prices of all tokens and cryptocurrencies on the Instant Digital Currency Price page.
