I made this a while ago back in June of 2022 if I remember correctly and I have a prior post on here about it. This is just and update to that as far as how it is holding up, which is holding up remarkably well. The arrows are of where each point is plotted as a reminder and that touch a specific price point. The purpose was to show that it has not changed and...
Bitcoin Logarithmic Growth curves displaying historic price movement since its existence. A lot of discussion now on whether the recent 'top' was a completion of our 4th bullrun or not, my observations below:
What we know:
- Price has touched the upper band of the Log curve at the end of a bullrun, this has happened 3 times in history - highlighted in red
-...
Logirthmic Growth Curve and Bitcoin Network Hash Rate perspective; long-term bullish and very much on track.
Previous cycle extrapolation points to new ATH in March/June 2021, followed by $100K by December 2021.
Ie 6-9 months to new ATH, 12 months to $50K and 18 months until new top around $100K.
Flags & golden bars represent halvings. Buy signals indicate...
