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Bitcoin Power Law Chart

Bitcoin Power Law Chart - This power law is just a straight line to represent the. What is the bitcoin power law chart? It then generates additional parallel lines (support and resistance lines). For a live charts, see the bitbo chart under this one. These resistance and support bands were derived by taking a linear regression of the historical bitcoin price to derive a power law. 12 is tops, 3 bottoms, 6 transition from bear to bull, 9 frenzy bull market. Find what your bitcoin (b) are worth y years from now. See “the bitcoin power law theory,” giovanni santostasi, medium, march 20, 2024. When done, this reveals a surprisingly linear pattern, suggesting that bitcoin’s price. By fitting a power law to historical data, the model creates a trend line that represents this growth.

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