Bitcoin projected at $400,000–$500,000 by 2029... based on cycle and price models

Bitcoin investor James Rabish said in a November 10 interview with Bitcoin Magazine's X account that bitcoin could reach $400,000–$500,000 by mid-2029, based on a power-law model tracking long-term price trends. He framed that range as one standard deviation above the model's mean estimate for that period. Rabish said bitcoin has typically bottomed and then peaked roughly three years later, with capital rotating back in along that cycle. He acknowledged the sample of observed cycles is small, limiting how robust the analysis can be. The forecast matters as a long-horizon anchor for cycle-based bitcoin models, and the next test is whether price action continues to track the projected trend line rather than breaking below it.