Analyst: BTC Power Law model reference level points to $157K, market volatility is declining

Odaily reports: Crypto analyst Darkfost posted on X that Bitcoin's price volatility around the "Power Law" trendline is gradually decreasing, with market cycle fluctuations converging. As of October 3, the model's oscillator indicator stood at +34.5, with Bitcoin priced at approximately $84,700. Based on the model parameters for that day, the Bitcoin price corresponding to an oscillator reading of +100 is approximately $157,800, about 86% higher than the current price.

However, Darkfost also noted that $157,800 is not a fixed target price, but rather a reference level calculated based on current regression parameters. If the Power Law trendline continues to rise in the future, this reference price will also increase accordingly.