Bitcoin Power Law Predicts Permanent $100K Breakthrough by 2028

Bitcoin's ($BTC) current price is hovering around $77,000 after experiencing a 2.16% decline due to bond sell-offs and hawkish Fed notes.

The question of when Bitcoin will permanently break through the six-figure mark remains unanswered, but Giovanni Santostasi's Bitcoin Power Law Theory offers some insight.

According to the theory, Bitcoin is trading at approximately 56.7% below its fair value of $178,860, which is roughly the midpoint between the current resistance ceiling/cycle peak of $553,000 and a support line/absolute bottom of $63,460.

The Power Law model predicts that Bitcoin will cross the $100,000 support line for good after 2028. The projections for 2026-2030 include:

End of 2026: Support line at $69,500, fair value at $198,700, and resistance ceiling at $615,000.

End of 2027: Support line at $95,400, fair value at $272,500, and resistance ceiling at $844,000.

End of 2029: Support line at $171,300, fair value at $489,500, and resistance ceiling at $1,515,000.

End of 2030: Support line at $224,800, fair value at $642,400, and resistance ceiling at $1,990,000.

Critics note that the Bitcoin Power Law has been reliable in long-term predictions but has fallen short in near-term forecasts due to Bitcoin's volatility and failure to account for events such as halving cycles, miner capitulation, and regulatory changes.