Bitcoin Bear Market Still In Play As Power Law Sees $65k

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) faces a “do-or-die” price point if 2026 becomes a classic bear market year.

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.

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.

“For now, the line in the sand for Bitcoin is $65k (previous high), and below that $45k. The latter is the power law trendline,” Timmer continued.

Source: CoinTelegraph