Bitcoin: Power Law Model Passes May Tests

Bitcoin Power Law framework cleared every falsification test for May 2026, keeping the model intact even as BTC trades at 0.57× its long-term trend line.

Price action on the 4h chart shows BTC consolidating just above the EMA50 at $64864.37 inside the Bollinger Bands, with neutral RSI at 47.28 and a MACD death cross already in place; this confluence points to limited upside until a decisive reclaim of the upper band near $67438 occurs.