Bitcoin Price Drops as Analysts Predict $100,000 Threshold in 2028
Bitcoin's (BTC) price has dropped by 2.16% to around $77,000 due to bond sell-offs and a hawkish Federal Reserve note.
The question remains when Bitcoin will permanently surpass $100,000.
Giovanni Santostasi's Bitcoin Power Law Theory suggests that the asset is trading at roughly 56.7% below its fair value of $178,860.
Historically, Bitcoin has traded near or above its lower resistance level, which could signal an optimal buying zone.