Cryptocurrency analytics firm Alphractal predicts a long-term bullish outlook for Bitcoin, but notes a gradual decline in its growth rate. According to their logarithmic growth model, Bitcoin's midpoint is currently at $216,000 and rising. However, they have adjusted their forecast to reflect a slowing pace of market expansion over time. Alphractal considers $38,000 as the oversold threshold, below which Bitcoin would be considered undervalued. They expect this threshold to rise above $50,000 within a year, indicating an upward trend for Bitcoin's long-term price floor. Alphractal concludes that even if Bitcoin fails to meet optimistic projections, a drop below $30,000 is unlikely based on historical growth patterns. They suggest that as long as Bitcoin remains above $38,000, the current cycle will be deemed successful with many Bitcoin addresses making significant profits.



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