 | https://charts.bitbo.io/long-term-power-law/ Pretty interesting mathematical concept. The power law model has been followed consistently since BTC was created. In the year 2040, the median line is at around $4.5m USD. Support $1.6m and resistance at $10m+ Gold has seen a dramatic increase over the past few months. Historically BTC has shown correlation to golds price action. Therefore, it could be a possibility that we visit the purple resistance line sooner than you think which is currently sitting at $520k. It is covered in a lot more detail here: https://youtu.be/WNobmmHiu1E?si=zeRmWOixIHBSAkNy Stay sats, stack humble [link] [comments] |
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