Bitcoin Christmas rally to $200K or $300K possible based on ‘power law’ model

Bitcoin’s parabolic rally could last until Christmas with a cycle top near $300,000, according to one analyst.

Key takeaways:

Bitcoin is ahead of its long-term “power law” curve, historically leading to euphoric price highs in previous cycles.

A falling dollar and anticipated Federal Reserve interest rate cuts may trigger a broader risk-on rally, with Bitcoin as a major beneficiary.

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