Bitcoin power law suggests a ‘coiled spring’ ready to burst higher: Analyst

BTC has been glued to its fair value since March 2024 and is getting ready to spring higher, according to author and analyst Adam Livingston.

The Bitcoin (BTC) power law, which places BTC at a “fair value” of $142,000, suggests that the price of BTC is getting ready to burst to the upside, according to author and analyst Adam Livingston. 

Bitcoin's upper band price by Dec. 31 is projected at about $512,000, while the fair-value price sits at about $142,000, with the low end of the range coming in just north of the $50,000 level, Livingston said. 

Price “hugging” the fair value line since March 2024 is unusual and suggests that Bitcoin is ready to explode higher, Livingston said. He added: 

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