A logarithmic look at the evolution of BTC price since its very early days
The following key takeaways:
This analysis suggests an earlier-than-expected onset of bull trend maturity stage in the upcoming few months, which might correct this lower to the $20k area.
The following key takeaways:
- BTC tends to extend only about 1/5 of its prior impulse move measured in terms of % increase;
- BTC tends to react ≈38.20% on a logarithmic scale to form a correctional bear market;
- The sub $80k area is a pivotal area to look for supply inflows.
This analysis suggests an earlier-than-expected onset of bull trend maturity stage in the upcoming few months, which might correct this lower to the $20k area.
