Monday 16 November 2020

Bitcoin: Logarithmic regression unveils macroscopic trend line of peaks

Sometimes we have to dive deep into the cryptoverse to find macroscopic trend lines that might not be so obvious at first glance. In this video we discuss the "fair value" logarithmic regression fit of Bitcoin prices to identify theoretical overvaluation peaks. Depending on when the next peak occurs will affect how much it is overvalued by with respect to the logarithmic regression trendline. Also, by noting that the price of Bitcoin has always been around the fair value, we project the extent of the next Bitcoin bear market. TA Video by Benjamin Cowen.