A new study by Bitcoin researcher Smithson With indicates that Bitcoin price could reach $275,000 by November 2025, using a quantile regression model.
Quantile Regression Model Study
Smithson With has proposed a new approach to predicting Bitcoin's cycle top price using a quantile regression model. This method takes into account all cumulative BTC data, such as supply, volatility, distribution over time, and survivability in any risk environment. Unlike traditional linear regression, quantile regression provides a deeper insight into potential outcomes by focusing on extremes, such as the 99th percentile.
Current BTC Price Support
Bitcoin quickly recovered to $64,000 after dropping to $62,825 on September 30. According to trader Luckshury, key support at $63,200 is crucial for the continuation of the uptrend. This level serves as the point-of-control (POC) based on recent trend formations.
Researchers' Commentary
Smithson With added that the current projection is a simulation of a 99th percentile power-law regression model, based on Bitcoin price data dating back to July 2013. He predicts that the cycle top will be around $275,000 in November 2025. Further analysis could confirm a cycle top value between $250,000 and $300,000 in 2025.
In conclusion, the new study suggests significant growth in Bitcoin's value in the coming years. Investors and traders should monitor developments and be prepared for possible changes.
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