Bitcoin long-run price adheres to a power law P ∝ t^~5.7 with R² ≈ 0.96 from 2010–2026, as the exponent stabilizes near 5.7 after decomposing into address growth and Metcalfe scaling per the latest peer-reviewed revision.

BTC trades at $62512.93 inside the Bollinger band on the 4h chart, with neutral RSI(14) at 44.8 and MACD golden cross at -254.25; price action tests upper-band resistance at $64456.61 while the EMA50 at $64792.33 acts as immediate resistance and the EMA200 at $71913.21 caps the longer-term structure, pointing to a measured pullback toward lower-band support at $60351.13 before continuation aligns with the established power-law path.