Bitcoin bear market still in play as power law sees $65K 'do-or-die' price
Bitcoin power law analysis concluded that price may face a new battle around $65,000 if BTC spends 2026 as a year of consolidation.
Bitcoin (BTC $90999.00) faces a "do-or-die" price point if 2026 becomes a classic bear market year.
Key points:
Bitcoin four-year price cycles and bear markets remain relevant, the latest power law analysis says.
2026 may see a BTC price support showdown with $65,000 as the key level.
History demands price "catching up" to power-law targets.
Bitcoin bear markets to stay around
New analysis by Jurrien Timmer, director of global macro at Fidelity Investments, flags $65,000 as the next key BTC price battleground.
After hugging its power law trendline for much of the current bull market, BTC/USD could now be due for a retest of a lower support line one currently at $45,000.
"It is following the internet S-curve a lot closer now than the power law curve," Timmer acknowledged.
Power law attempts to give price a "fair value," and history shows that trips toward the support line have often accompanied long-term bottoms.
