Bitcoin may fall lower but BTC power-law frames crash to $58K as ‘normal’
CoinTelegraph·
60-second summary
Bitcoin's price drop to $58,000 aligns with the power-law model's predicted cycle lows, suggesting a possible floor for the cryptocurrency. This model, which frames crashes as 'normal', implies that Bitcoin's current downturn may be nearing an end. However, futures market data indicates a potential for deeper lows, keeping investors cautious.
Bitcoin’s drop to $58,000 lines up with the power-law model’s cycle lows, even though futures market data points to deeper lows for BTC price.