Bitcoin is near $64,000, the Power Law draws the floor higher, and my Elliott Wave analysis still allows a drop into the mid $30,000s. Am I wrong? In this video I find out, honestly.
Today I set Elliott Wave aside and focus only on the Bitcoin Power Law, the model made famous by Italian American physicist Giovanni Santostasi. I explain what it really is, where the 5.8 exponent comes from, how our own statistical model in the MCO Terminal differs from it, and why I trust ours more.
video by More Crypto Online.
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We cover why the Power Law is a long term center of gravity and not a timing tool, and the single most misunderstood point about its floor. With no math background required, I explain how we build our floor and ceiling from the real distribution of every single day in Bitcoin's history, why that gives you a probability instead of just a number, and why our adaptive model puts the true floor around $43,000 while the frozen formula sits around $60,000. Finally I show why a model like this does not replace Elliott Wave, it makes it stronger.
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Bitcoin Insights Today
-Thai Mining Crackdown: Thailand's authorities conducted a massive multi-province raid today, seizing 315 Bitcoin mining rigs across 14 locations. The operators allegedly tampered with electricity meters, causing an estimated $1.1 million (40 million baht) in power theft.
-Institutional ETF Outflows Slowing: After the Federal Reserve's recent hawkish stance under Chair Kevin Warsh—which flipped the dot plot toward potential rate hikes—spot Bitcoin ETFs faced heavy redemptions (including a $90.7M net outflow on June 18). However, the intense selling pressure has begun to taper off over the weekend.
-Corporate Dividend On-Ramps: Franklin Templeton has proposed a novel exchange-traded fund structure designed to automatically channel corporate dividends directly into Bitcoin. This framework could create a highly reliable, programmatic layer of demand from traditional finance.
-Corporate Treasury Shifts: Major corporate holder "Strategy" returned to accumulation mode by purchasing over 1,500 BTC ($100 million) to expand its total reserves to over 846,000 tokens. This aggressive move reverses the panic caused by their minor, temporary asset distribution in late May.
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