The post New Bitcoin Model Predicts When Price Will Hit $1 Million appeared on BitcoinEthereumNews.com.

Bitcoin’s 2024 milestone elevated expectations from 2025. Now, bolder and more extravagant price predictions are shared in the market. Some boost crypto enthusiasts’ sentiments, and others spread the fear of a crash. The prediction of the New Quantile model also provides a unique perspective on the Bitcoin price rally and when it will hit $1M. Let’s discuss the findings. Bitcoin Price Would Not $1M in 2025 Multiple Bitcoin price predictions for 2025 suggest that this digital asset will reach $1M. However, the new Quantile Bitcoin model discards such predictions. Its statistical outlook claims the possibility of $1M is extremely low for this year. The findings acknowledge the BTC price performance and its exponential growth but also question the feasibility of this six-figure target. Quantile regression analysis considers Bitcoin’s adherence to power law trends (a more than ten-decade analysis). It suggests the path to a million targets requires a dramatic bubble excursion. More importantly, at least a 4σ standard deviation is needed for the BTC price to hit $1M in 2025, where historical trends reveal that it only fluctuates between -1σ and +2σ. “To reach $1 million in 2025 would require a bubble excursion of 1.0 in the log, a multiplicative factor of 10 from the present price, and in log terms that is 1/0.24, which is greater than four standard deviations (> 4 σ). Throughout Bitcoin’s price history, we have not seen this even once, nor have we seen 3 σ,  and prices have stayed overwhelmingly in the range of -1 σ on the downside and +2 σ maximum on the upside.” The Quantile finding also challenges Cathy Woods’s views on Bitcoin. She claims the price can range from $650,000 to $1.5 million, depending on the base and bull cases. The quantile model’s statistical findings present different timelines. Bitcoin Price…

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Filed under: News - @ January 9, 2025 8:16 am