Bitcoin’s Path to $300K Remains Intact Despite Fear

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Regression model suggests a return to trend midline could lift Bitcoin to $175K, with the upper band targeting $300K.

A prominent analyst is pushing back against growing fears that Bitcoin (BTC) is entering a prolonged downturn.

The market technician is using historical price models to show that the current weakness is a typical pause within a larger upward trend, setting the stage for a future peak that could exceed $300,000.

The Case for a Continued Bull Run
In an October 24 post on X, EGRAG CRYPTO pointed to a linear regression model on a logarithmic scale, a tool used to identify long-term trends.

The analysis shows Bitcoin is currently trading at its lowest level relative to its historical trend channel since 2012. And rather than a sign of doom, the analyst framed this as a prime buying opportunity, similar to patterns seen before major price increases in the past.

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