Global Feed Post Login
Replying to Avatar TheBitcoinBattery

Bitcoin is still on track overall, even if different from previous bull runs. The longer the buildup the higher the climb.

Current daily low so far: $81,300.10

Expected minimum daily bottom: $79,253.63

Ratio between actual daily bottom and expected daily minimum: 1.02582.

Since 10/27/2015 Bitcoin's price has been above my calculated daily bottom minimum price 98.8% of the time.

Daily bottom trendline can be shifted downward due to global macro events, such as happened in 2020's Covid crash (10% shift) and in 2021's China mining ban (72.6% shift), but rate of growth (slope) remains unchanged.

Avatar
TheBitcoinBattery 9mo ago

Reuploading images in higher quality.

Reply to this note

Please Login to reply.

Discussion

No replies yet.