CryptoCointelegraphabout 4 hours ago
Bitcoin power-law model frames $58K drop as normal
1 min read
Bitcoin's drop to $58,000 aligns with power-law model cycle lows from 2012, 2015, 2019, 2020, and 2022. The model places long-term trend price near $135,000. Derivatives data shows $55,000 as next key support and $65,000-$68,000 as upside area.
Level
Hype check
Tap to vote and see what everyone thinks.
