Sunday 14 March 2021

Bitcoin breaches the upper logarithmic regression band

The price of Bitcoin has decisively breached the upper logarithmic regression band. Now we must remember this is simply a mathematical exercise, where a logarithmic regression equation is fitted to 3 data points. I still think that a 6-figure Bitcoin is in the cards this market cycle. Will we continue to traverse the regression band which currently is closing in on $90k? TA Video by Benjamin Cowen.