Friday 28 May 2021

Bitcoin Logarithmic Regression

Logarithmic regression has been fairly useful for helping us navigate the price movements of Bitcoin. The fair value logarithmic regression trend line was instrumental in establishing the accumulation zone, and the upper logarithmic regression line basically told the price of Bitcoin that it would not pass. Now that Bitcoin has cooled off, we take a pragmatic look at where we currently are, and discuss why a consolidation phase is not a bad thing for Bitcoin, with the idea of ultimately moving up to $100k Bitcoin. Video by Benjamin Cowen.