Bitcoin Power Law Gives $65,000 as Key Bear Market Level
Cointelegraph
Bitcoin's $65,000 level is crucial for a potential 2026 bear market, according to power law analysis.Summary
New analysis by Fidelity Investments' Jurrien Timmer suggests that Bitcoin faces a critical "do-or-die" price point at $65,000 if 2026 turns into a classic bear market year, based on power law trendlines. While the price is currently tracking the S-curve more closely, a drop toward the power law support line, currently near $45,000, would make $65,000 the key level to hold. Timmer believes bear markets will persist even as halving cycles impact price less over time. Executive David Eng agrees that bear markets remain a feature of Bitcoin as it matures, arguing that compressed power law readings suggest an upward relief rally is due, as history shows price catching up to the growth law rather than the law yielding.
(Source：Cointelegraph)