Definition. Power-Law Model is a mathematical description of Bitcoin's historical price trends, revealing a power-law distribution on a log-log scale that suggests a correlation between time and price.

Technical. The model fit is price = exp(5.71*ln(days) -38.16), using days since Bitcoin's inception as the x-axis and price data until March 21, 2024. The coefficient of determination is R2 = 0.953, reflecting a strong historical correlation. The model's foundation on historical data and the issue of non-independent sequential price points raise questions about its broader applicability. This retrospective analysis lacks predictive power for future market behavior due to its assumptions and the stochastic nature of financial markets, so applicability to forecast future movements is limited and should be approached with caution.

Notes. First coined by @Giovann35084111.