bullish

2024

Satoshi

Bitcoin

The Bitcoin (<a href="https://cointelegraph.com/bitcoin-price" rel="noopener noreferrer nofollow">BTC</a>) power law, which places BTC at a “fair value” of $142,000, suggests that the price of BTC is getting ready to burst to the upside, according to author and analyst Adam Livingston.&nbsp;
Bitcoin's upper band price by Dec. 31 is projected at about $512,000, while the fair-value price sits at about $142,000, with the low end of the range coming in just north of the $50,000 level, Livingston <a href="https://x.com/AdamBLiv/status/1987247607899402719/photo/1" rel="noopener noreferrer nofollow" target="_blank">said</a>.&nbsp;
Price “hugging” the fair value line since March 2024 is unusual and suggests that Bitcoin is ready to explode higher, Livingston said. He added:&nbsp;
<blockquote>
 “Every previous time BTC did this, one of two things happened: It exploded upward because it had been underpriced relative to its long-term power law, or it briefly dipped into the lower band and then ripped vertically, harder than before.”
</blockquote>
<figure>
 <img alt="Cryptocurrencies, Bitcoin Price, Investments, Price Analysis, Market Analysis" src="https://s3.cointelegraph.com/uploads/2025-11/019a65af-ed7e-701b-9ecc-7a18b31c4fc8" title="">
 <figcaption style="text-align: center;">
 BTC price analysis based on the Bitcoin power law. Source: <a href="https://x.com/AdamBLiv/status/1987247607899402719/photo/1" rel="noopener noreferrer nofollow" target="_blank">Adam Livingston</a>
 </figcaption>
</figure>
The bullish price prediction comes amid <a href="https://cointelegraph.com/news/bitcoin-price-downtrend-analysts-tip-btc-2025-forecast" rel="noopener noreferrer nofollow">lowered BTC forecasts</a> from analysts and falling crypto prices, raising investor fears that the <a href="https://cointelegraph.com/news/bitcoin-bear-market-confirmed-watch-btc-price-levels-next" rel="noopener noreferrer nofollow">next bear market has already started</a>.
Related: <a href="https://cointelegraph.com/news/bitcoin-og-whales-keep-cashing-out-threatening-btc-price-drop-90k" rel="noopener noreferrer nofollow">Bitcoin OG whales keep ‘cashing out’, threatening BTC price drop to $90K</a>
<h2 id="market-analysts-and-crypto-industry-executives-lower-btc-price-forecasts">Market analysts and crypto industry executives lower BTC price forecasts</h2>
Several investment firms have lowered their BTC price predictions following a historic market crash in October that took the<a href="https://cointelegraph.com/news/bitcoin-slips-below-dollar100k-as-analysts-say-btc-is-set-to-drop-lower-here-s-why" rel="noopener noreferrer nofollow"> price of BTC below $100,000</a>, a critical psychological price level.
Galaxy <a href="https://cointelegraph.com/news/galaxy-2025-bitcoin-target-120k-shifting-market-dynamics" rel="noopener noreferrer nofollow">lowered its 2025 end-of-year forecast</a> for Bitcoin from $180,000 to $120,000 on Wednesday, citing the October market crash, lower volatility due to market maturation, and investors rotating into competing narratives like AI.<iframe width="100%" height="315" src="https://www.youtube.com/embed/s8J1I_oaLAc?start=" frameborder="0" allow="accelerometer; autoplay; encrypted-media; gyroscope; picture-in-picture" allowfullscreen loading="lazy" sandbox="allow-scripts allow-same-origin allow-popups allow-forms"></iframe>
“If bitcoin can maintain the $100,000 level, we believe the almost three-year bull market will remain structurally intact, though the pace of future gains may be slower,” Galaxy’s head of firmwide research, Alex Thorn, said.
Thorn added that the <a href="https://cointelegraph.com/news/trump100-tariffs-china-bitcoin-plummets-110k" rel="noopener noreferrer nofollow">crypto market crash in October</a> “materially damaged” the bullish price trend in the short-term, but said he remains bullish on Bitcoin’s long-term price action.
Cathie Wood, the founder of investment firm Ark Invest, also <a href="https://cointelegraph.com/news/cathie-wood-btc-forecast-300k-stablecoins-market-share" rel="noopener noreferrer nofollow">lowered her long-term BTC price forecast</a> by $300,000 due to stablecoins eroding Bitcoin’s market share by satisfying demand for a store-of-value asset in emerging economies.
Magazine: <a href="https://cointelegraph.com/magazine/benjamin-wallace-mysterious-mr-nakamoto-review/" rel="noopener noreferrer nofollow">Mysterious Mr Nakamoto author: Finding Satoshi would hurt Bitcoin</a>

Bitcoin power law suggests a ‘coiled spring’ ready to burst higher: Analyst

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