Predicting the future price of Bitcoin is inherently uncertain due to its volatility and the influence of numerous factors, including market sentiment, regulatory developments, technological advancements, and macroeconomic trends. However, using historical data and the power law model, which suggests that the growth of Bitcoin's price follows a certain mathematical relationship over time, we can attempt to provide a rough estimate.

The power law model often used in Bitcoin price predictions is the Stock-to-Flow (S2F) model, which has historically shown some correlation with Bitcoin's price movements. According to this model, Bitcoin's price tends to increase over time as the supply of new coins decreases (due to the halving events).

Based on the S2F model and historical trends, a reasonable range for Bitcoin's price over the next 12 months might be somewhere between $30,000 and $100,000. This range accounts for potential bullish scenarios driven by increased adoption and institutional investment, as well as bearish scenarios due to regulatory crackdowns or macroeconomic downturns.

It's important to note that these estimates are speculative and should not be taken as financial advice. Always conduct your own research and consider multiple perspectives before making any investment decisions.