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When all’s said and done, the Bitcoin Power Law gives us an interesting, math-backed way to look at how Bitcoin has grown, ...
According to 21st Capital co-founder Sina, the study plots Bitcoin’s price on a log-log graph, showing a linear relationship that reflects predictable long-term growth driven by network dynamics ...
because logarithmic graphs are usually a much better way of comparing exponential price increases. And because the price of Bitcoin has increased exponentially during the last couple of years ...
uncomplicated way for investors to get an idea of where BTC is in its cycle. Developed in 2014, it takes the past performance of the king of crypto and projects it forward using a logarithmic ...
The same price series then looks like this: Bitcoin Price Chart 9 Now, trend channels can be used to easily spot exponential growth. However, not all charting platforms offer logarithmic charts.
But this cloud has a silver lining. Check out these charts: Look closely at the correlation, and then look at what the price of Bitcoin is doing at times when the correlation is at its lowest.
In a note to clients on Thursday, Bannister shared several charts showing why he thinks more pain is ahead for bitcoin — he said he believes bitcoin's price could fall another 47% to $15,000.
While even I can project the monstrous levels the Bitcoin Maxis are calling for in my charts, I still believe that the upside of this Bitcoin cycle is percentages rather than multiples but ...