Friday 16 July 2021

What Does The Upper Logarithmic Regression Band Say To $100k Bitcoin?

While many people in the market may not be overly amused with where the upper logarithmic regression band for Bitcoin is today, I think it is a major milestone that our upper bound based on this somewhat conservative model now exceeds $100k. Whenever the price of Bitcoin does trend back up, this model (which remember all models are wrong but some are useful) will at least "allow" for a $100k Bitcoin without breaking the model. TA Video by Benjamin Cowen.