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Bitcoin Could Top At $400,000 Based On This Model, Analyst Says

  • An analyst suggests that Bitcoin's next top could be around $400,000 based on a model.
  • The model, known as the Long-Term Power Law, involves a power law line that represents the correlation between Bitcoin's price and time.
  • There are also support and resistance lines in the model, with Bitcoin currently trading under the power law line.
  • According to the analyst, if the Long-Term Power Law holds, the next market top might reach around $400,000.

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