Bitcoin Power Law Math Points to New Bull Market

Fidelity's Director of Global Macro, Jurrien Timmer, has highlighted Bitcoin's power law math as a strong indicator of long-term growth. According to Timmer, this mathematical model suggests that Bitcoin is in the early stages of a new cyclical bull market after holding at $60,000.

The analysis projects a price target of $300,000 by 2029 based on this same mathematical model. The power law math framework indicates that Bitcoin's price follows a non-linear growth path, rather than moving along a simple linear or exponential curve.

Crypto strategist Killa also believes that Bitcoin is in a new bullish regime, citing the formation of a weekly higher high (HH) and fully reset positioning. He notes that this has historically led to significant price increases.