Power-law model suggests Bitcoin’s maturity post-2024 halving

Share This Post

Onchain Highlights

DEFINITION: The Bitcoin Power-Law Model provides a mathematical description of Bitcoin’s historical price trends, revealing a power-law distribution on a log-log scale. This analysis suggests a correlation between time and price. However, the model’s foundation on historical data and the issue of non-independent sequential price points raise questions about its broader applicability.

Bitcoin’s price movement over the past decade has followed a power-law distribution, as depicted by the. The chart reveals a consistent upward trend, correlating Bitcoin’s historical price trends with time. This model indicates Bitcoin’s potential long-term growth trajectory by illustrating its periodic price surges and corrections.

Since 2011, Bitcoin’s price has experienced exponential growth, punctuated by significant volatility, which was particularly noticeable in the 2013 and 2017 bull runs. A retracement follows each peak, yet the overall trend aligns with the power-law model’s projections.

Bitcoin: Power Law Model: (Source: Glassnode)
Bitcoin: Power Law Model: (Source: Glassnode)

As the model extends into 2024, it suggests a stabilizing pattern, reflecting the market’s maturity post the April 2024 halving. The current price aligns closely with the model’s expected value, indicating market behavior in line with historical trends. However, the model’s reliance on historical data and sequential price points necessitates cautious interpretation regarding future predictions.

Bitcoin: Power Law Model: (Source: Glassnode)
Bitcoin: Power Law Model: (Source: Glassnode)

The post Power-law model suggests Bitcoin’s maturity post-2024 halving appeared first on CryptoSlate.

Read Entire Article
spot_img
- Advertisement -spot_img

Related Posts

Peter Schiff: Bitcoin Could Crash Below $65K if Nasdaq Enters a Bear Market

Bitcoin faces a steep decline if the Nasdaq downturn deepens, warns Peter Schiff, predicting a wave of panic selling that could shake investor confidence and destabilize markets Peter Schiff Predicts

SEC vs Ripple: How Lawsuit Over XRP Could Wrap up in Days

A legal expert has outlined how the SEC’s lawsuit against Ripple over XRP could end within days, but a major hurdle—navigating the court’s injunction—may complicate the

Is The Bitcoin Cycle Peak In? Historical Halving Data Suggests Upside Potential Into Late 2025

Bitcoin is now down over 29% from its all-time high (ATH) in January, and speculation about a coming bear market is growing among investors After weeks of heavy selling pressure, Bitcoin has entered

France central bank governor says Trump is “sowing the seeds of future upheavals” by supporting crypto

Francois Villeroy de Galhau, the governor of Banque de France and the European Central Bank Governing Council’s member, believes US president Donald Trump is making a huge mistake by supporting

640,000 Chainlink (LINK) Withdrawn From Exchanges In 24 Hours – Bullish Accumulation?

Chainlink (LINK) is currently trading below crucial resistance levels, which could trigger a strong rally if bulls manage to reclaim them However, volatility and uncertainty have dominated the market

To Sell or Not to Sell: Redditors Debate Bitcoin’s Million-Dollar Moment

A Reddit thread exploring whether bitcoin holders would sell at $1 million reveals a divided yet pragmatic community weighing financial goals, inflation risks, and long-term faith in the leading