Bitcoin has 3 months left until its bull market resumes, but it could still achieve a 300% rally by 2026.
These are some of the conclusions from the latest BTC price analysis by an anonymous engineer named Apsk32.
BTC Price ‘Acceleration’ Likely to Be Absent for At Least 3 Months
Apsk32, in a post on X on July 9, used the power law indicator to predict future performance of the Bitcoin (BTC) market.
The power law essentially provides a lower BTC price support band, which has been in place since BTC/USD traded at just $1. Several other bands, or “timelines,” provide additional price information, ultimately suggesting a $1 million price target in 2036.
“The timeline tells you how long it will take for the support level to push the current price up. Every bear market in the past 12 years has come back to this support level,” he explains in part of a previous X post from June.
“Support will hit $1 million in 2036 and Bitcoin won’t stop there.”
As defined by Apsk32, layering past price action over the current four-year cycle helps explain the current market action, including the 25% drop from the all-time high of $73,800 in March.
The latest post summarized, “If Bitcoin’s cyclical pattern continues, the price will remain in or near this blue cloud.”
“ETFs pushed us out of the cloud and now we’re going back. We’re over three months away from an acceleration and we could see prices quadrupling by the end of 2025.”
The accompanying chart shows the so-called “Power Law Fractal Cloud”, which is the future guiding range for BTC/USD.
“Should pricing be maintained within the cloud? Absolutely not,” Apsk32 admitted.
“This time it might be different. In fact, it already is.”
Bitcoin “Moving from Weak Hands to Strong Hands”
As Cointelegraph has consistently reported, Bitcoin traders are expecting the BTC price to fall further as fear spreads across cryptocurrencies.
Related: BTC Price Risks ‘Double Top’ – 5 Things to Know About Bitcoin This Week
With the sub-$50k level once again in the spotlight, the current downtrend is on par with past levels.
Meanwhile, positive signs include a decline in selling by Bitcoin miners last month and the return of net inflows into U.S.-based spot Bitcoin exchange-traded funds (ETFs).
The latter saw inflows of nearly $300 million on July 8, its highest single-day total in a month, according to sources including Farside Investors, a British investment firm.
Popular trader Jelle wrote in one of his responses, “While baby boomers and institutions are buying the dip here, Germany seems to be selling a lot of coins,” contrasting the German government’s BTC selloff with its ETF buying.
“The coin moves from the weak hand to the strong hand.”
This article does not contain any investment advice or recommendations. All investment and trading moves involve risk, and readers should conduct their own research when making decisions.