Bitcoin (BTC), $457,000 in 4 years?...Famous Analyst "Still Long-Term Undervalued"

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An analysis model suggests that Bitcoin (BTC) could soar to $457,000 within the next four years if it maintains its long-term growth trajectory. Market attention is focused on the possibility of it entering the upper bounds of the long-term trend line based on the Power Law model.

According to The Crypto Basic on September 22 (local time), Bitcoin analyst Mark Harvey presented a long-term price forecast, citing the Bitcoin Power Law model. Analyst Harvey diagnosed that Bitcoin could reach $457,000 by 2030, four years from now, if it does not deviate from its unique mathematical growth trajectory observed historically.

The Power Law model is a representative long-term valuation model that tracks Bitcoin's price formation on a logarithmic scale over time. It is characterized by mathematically reflecting network expansion and adoption speed without being swayed by short-term price fluctuations or temporary volatility around halving events. In past cycles, Bitcoin has maintained a long-term upward trend within the range of the Power Law's support and resistance lines, even as it moved between bear market bottoms and bull market tops.

Analyst Harvey pointed out that the current Bitcoin price remains in an undervalued territory compared to its long-term trend line. Despite the recent rebound, it is still near the lower part of the Power Law regression line, indicating ample long-term upside potential. He assessed that the continuous increase in Bitcoin network's computational power (hash rate) and the structural inflow of institutional funds would support reaching the target price presented by the model.

As Bitcoin overcomes short-term corrections and confirms the Power Law's long-term support line, the market is focusing on the possibility of a structural rally extending until 2030. Attention is concentrated on whether it can fully maintain its long-term upward trajectory towards the $457,000 peak indicated by the mathematical model.

[Article Key Summary]

-Bitcoin (BTC) analyst Mark Harvey suggested the possibility of reaching $457,000 in four years, based on the Power Law model.

-The Power Law model is a representative long-term trend analysis tool that excludes short-term volatility and reflects network adoption and the passage of time.

-Analyst Harvey diagnosed that the current price is still undervalued compared to the long-term trend line, indicating significant room for further upside.

*Disclaimer: This article is for investment reference only, and we are not responsible for any investment losses based on it. The content should be interpreted for informational purposes only.*