Cryptocurrency analytics firm Alphractal shares its Bitcoin forecast, noting a long-term bullish outlook amid a slowing growth pace.
Bitcoin’s Logarithmic Growth Model
According to Alphractal’s logarithmic growth model, Bitcoin’s midpoint currently stands at $216,000 and continues to rise. However, the firm has adjusted its forecast by adding an additional support line below the midpoint, reflecting the slowing pace of market expansion over time.
Oversold Threshold and Price Floor
Alphractal identifies $38,000 as the current oversold threshold, meaning that historically Bitcoin would be considered significantly undervalued below this level. The model suggests that this threshold will likely rise above $50,000 within a year, reinforcing the idea that Bitcoin’s long-term price floor is trending upward.
Alphractal’s Conclusion
Even if Bitcoin fails to meet the most optimistic forecasts, Alphractal’s analysis argues that a drop below $30,000 is unlikely based on historical growth patterns alone. Overall, the current cycle will be considered successful as long as Bitcoin remains above $38,000, as millions of Bitcoin addresses will continue to generate significant profits.
Alphractal's forecasts suggest sustained interest in Bitcoin, even amid slowing growth rates. Key levels remain at $38,000 and $216,000, indicating long-term potential.
