Looking forward to seeing $129,000 next year? Here’s an interesting set of on-chain data algorithms. Bitcoin made a strong +4% rebound near the Q1 line ($61,600), and according to the Power Law model, this level marked the bottom. It has now returned to the Q3 line range. For reference: this model divides BTC’s price range into multiple quantiles (e.g., levels of 'cheap' vs. 'expensive' value). Right now, we’re hovering in the deep accumulation zone (all ranges below the Q25 quantile). #Bitcoin