- 26.02.2020

Bitcoin log chart 2020

bitcoin log chart 2020I think that the correct fit is a square root function in the logarithmic chart, This chart shows where BTC was in relative to right now in after the. As such, on high time frame charts, like the weekly and the monthly chart, BTC always closed below $11,, except for Bitcoin's clean.

Bitcoin Log Price Chart Analysis: A thorough investigation 11 min read 1 year ago Updated: 22nd November We derived our own Bitcoin log price chart from first principle and thoroughly investigated the trend to derive link insights in an attempt to make sense of the current price trajectory of Bitcoin.

Disclaimer: All of the content more info on CoinMarketExpert is unbiased and based on objective analysis. The information provided on this page should bitcoin log chart 2020 be construed as an endorsement of cryptocurrency, a service provider or offering and should neither be considered a solicitation to buy or trade cryptocurrency.

Cryptocurrencies carry substantial risk and are not suitable for everyone. No representation or warranty is given as to the accuracy or completeness of this information and consequently, any person acting on it does so entirely at their bitcoin log chart 2020 risk.

See further disclaimer at the bottom of the page.

Bitcoin log chart 2020

In this research post we attempt to answer the following questions: 1. Is Bitcoin really in a bear market? Where could the potential floor price for Bitcoin reside?

Where could the price of Bitcoin rise to after the next halving in May ? We use natural log price charts because they visually capture the bitcoin log chart 2020 log chart 2020 price trend of Bitcoin.

The nominal price of Bitcoin has risen stratospherically over time, which makes it is impossible to obtain any meaningful insights of its long-term price trend using a conventional linear price bitcoin log chart 2020.

Bitcoin log chart 2020

Our natural log price chart of Bitcoin consists of the following: 1. Moving average crossovers mathematically establish the end of a bear markets and the beginning of bull markets We wanted to derive a mathematical approach to this analysis so that we limit subjectivity as much as possible.

We bitcoin log chart 2020 constructed and bitcoin log chart 2020 moving averages of the link log price to help establish objective trigger points.

Bitcoin log chart 2020

For example, if we look at the pre-November halving period, bitcoin log chart 2020 per chart below, we may see the natural log price of Bitcoin rising to a resistance level red arrow 1 bitcoin log chart 2020 by a decline to support level green arrow 1.

As the log price moves from red arrow 1 to green arrow 1the day moving average crosses visit web page the day moving average from above red arrow 2acting as a trigger point to confirm a bear market mega cycle.

The concept of a mega cycle is important because it marks the beginning of a trend that eventually sees the price of Bitcoin rise to a new record high bull market mega cycle followed by the immediate sell bitcoin log chart 2020 bear market mega cycle.

When the natural log 2020 create email free edu of Bitcoin log chart 2020 bounces off bitcoin log chart 2020 support level green dotted line and rises to the mid point line dark bold linewe can bitcoin log chart 2020 the day moving average beginning to cross through the day moving average from beneath, confirming the start of a bull market mega cycle, with the post-halving period acting as a catalyst for propelling Bitcoin to a new record-high price and establishing the ceiling of a new channel until the next halving occurs.

And this process keeps click here on and on… We found the moving average crossovers for bear market mega cycles as being somewhat lagging, since the signal is provided somewhere towards the middle or the end of the cycle.

In contrast, the moving no 2020 fbs deposit bonus crossovers for bull market mega cycles fare much better at validating the beginning of a new mega cycle.

If we look at the period running up to the 9 July halving, we may see an almost identical pattern forming, with bitcoin log chart 2020 exception bitcoin log chart 2020 there is an additional crossovers at the midpoint dark bitcoin log chart 2020 line. Any crossovers that occur immediately after the first crossover signal are not given any weighting.

Logarithmic Growth Curve Charts Bitcoin Price At $170K in 2028

Therefore, what matters is the first bullish or bearish moving average crossover within bitcoin log chart 2020 period.

And in so doing, we have been able to mathematically establish a series of channel tops red line and channel bottoms green line together with mid bitcoin log chart 2020. At the mid point, we observe the log price of Bitcoin exhibiting some sort of mean reversion tendency by around 1 standard deviation on either side in the run up to the next halving.

Bitcoin log chart 2020

But these patterns we have been describing are consistently visible in the log price charts, see below.

And bitcoin log chart 2020 applying the same logic, the same pattern is formed in the run up to the May halving, as may be bitcoin log chart 2020 below.

So now we have established a reliable mathematical model for dividing up these log price trends, what else can we identify? Bullish moving average crossovers form months before the halving of Bitcoin As we may see from the charts above, bullish crossovers when the day moving average crosses through the day moving average from below start to become visible around months before a halving.

The second bullish crossover appeared 12 months before the halving on 6th July ; 3.

Bitcoin log chart 2020

And the third bullish crossover article source already appeared in Mayexactly 12 months before the May halving! These observations correlate with our findings in a separate research post, which you may read here.

Bitcoin Log Price Chart Analysis: A thorough investigation

Bitcoin may currently be in a bull market bitcoin log chart 2020 Interestingly, the moving average cross overs that formed in May confirm that Bitcoin is more info already in a bull market mega cycle.

Most people looking at a linear chart may easily assume the price of Bitcoin has been in a bear market since Q2 of this year.

This is the reason why we are using log prices after all and why we should bitcoin log chart 2020 between normal cycles vs mega cycles when it comes to Bitcoin. We hope this concept is clear because according to the log price chart of Bitcoin, the current bearish trend may best described as a bullish consolidation before the next stratospheric leg up is made.

Of course we are assuming that historical patterns will continue to play out. But given the uncanny near-identical resemblance of these patterns it is hard to believe it will not play out in a similar way this time around as well.

Bitcoin log chart 2020

The conditions to support a stratospheric rise in the price of Bitcoin are ripe 1. Global macro conditions are breaking down; 2. Geopolitical tensions and bitcoin log chart 2020 are on the rise; 3. Monetary policy instruments are broken, with central banks currently resuming Quantitative Easing QE.

There have also been discussions regarding the benefit of deep negative interest rate policies. And as bitcoin log chart 2020 move into deep negative interest rates, the traditional click to see more system will come under increasing strain.

We suspect certain banks may have to close down or become nationalised and even consider merging to survive.

Bitcoin log chart 2020

Bank business models are still stuck in the old ways of doing things. The risk of a policy mistake and another banking crisis is high and rising.

So what does this mean for Bitcoin? Bitcoin bitcoin log chart 2020 in a win-win scenario.

Top 10 Bitcoin price prediction charts for Bitcoin halving 2020

Best case scenario: If low interest rates stimulate risk appetite and add fuel to the stock market rally, an increase in wealth will benefit Bitcoin, perhaps even more bitcoin log chart 2020 than in the past since there are entities such as Bakkt sprouting up to provide institutional investors with a regulated conduit for obtaining an exposure to physical Bitcoin.

Worst bitcoin log chart 2020 scenario: a loss of trust in the traditional financial system stands to see money flowing into anything that may resemble a safe haven. So, we have established that as extremities become increasingly likely, Bitcoin stands to benefit in some way or the other.

Perhaps the worst thing that can happen to Bitcoin is sideways trading or a trend Bitcoin log chart 2020

Bitcoin price prediction based on the historical log price trajectory There are insufficient data points to be bitcoin log chart 2020 to make a precise estimate and since we are using log prices to predict the future price of Bitcoin there is bitcoin log chart 2020 risk of material distortion.

Therefore the observations we make should not in any way be construed as investment advice or a solicitation to trade Bitcoin. These are mathematical derivations based on the price of Bitcoin following a similar historical log price trajectory.

The log price chart at the very top of this page is divided into various channels, showing pre and post halving periods.

Bitcoin log chart 2020

These channels are characterised by resistance levels red dotted lines and support levels green dotted lines.

If we see more a the log price charts, we can see the second channel was established four natural log prices above the first channel.

And then bitcoin log chart 2020 three natural log prices to establish the third channel that we currently are in. We note the gradient for establishing the new channels has bitcoin log chart 2020 diminishing over time.

Therefore our price prediction is based on the natural log price rising by two to Ln10 and Ln12, and this occurring after the May halving.

The latter actually surpasses the market capitalisation of any single publicly listed company! So why is the price of Bitcoin not higher right now? Possible collusion or manipulation by miners?

We hypothesis there is actually an incentive for those miners that have heavily invested in newer and faster mining equipment to intentionally exert pressure on the price of Bitcoin.

And by doing so, a lower price would help to wipe out bitcoin log chart 2020 slower competing miners that are contributing to the rising difficulty rate of mining new blocks.

This survival of the fittest scenario would help the fastest miners maximise the number of Bitcoins they can acquire before the next halving in May Historically, it is not unusual for Bitcoin to go through mini bull and bear periods whilst in a mega cycle If we go back to the charts we can see that bull market mega cycles start to form around months green arrow 1 on the charts before the halving date of Bitcoin.

The month time how mine claymore 2020 has been consistent. As a matter of fact, the chart shows that the recent bull market mega cycle green arrow 1 beginning to form in Decemberwhich is 17 months away from the May halving date.

This means the current phase remains consistent with the historical range. But the charts also show the natural log price of Bitcoin overshooting and undershooting bitcoin log chart 2020 mid point during the period between red arrow 2 and the halving dates.

Bitcoin log chart 2020

When this bitcoin log chart 2020 or overshooting occurs the price of Bitcoin goes through mini bull and bear periods. And currently, we are going through an undershooting period, whereby the log price of Bitcoin has fallen below click here mid point line after initially overshoot that level following the bullish cross over green arrow 2 in May Bitcoin log chart 2020 stated earlier in this report there appears to be some mean reversion tendency around the mid point.

Bitcoin Price to $70K in 2024, $170K in 20208

Historically, after bullish cross overs green arrow 2we observe multiple periods when the natural log price of Bitcoin occasionally gravitates very close to the day moving average yellow circles.

And on one instance before the 6th July halving, the natural log bitcoin log chart 2020 of Click had breached the day log price moving average orange circle.

Bitcoin price prediction using logarithmic regression

That was only a temporary condition and the natural log price eventually resumed an uptrend. Currently, we may see that Bitcoin is in a period that is remarkably similar to the 6th July pre halving period. In our 24th October post, we had noted the following: Bitcoin log chart 2020 bear market is not likely to last as long as the previous The conditions click to see more very different this time around.

We do not bitcoin log chart 2020 a crystal ball so we do not know whether this hypothesis will even pan out. Historically, risk appetite tends to pick up between December and January as bonuses become known and bitcoin log chart 2020 rebalancing for the following year starts to take place.

Of course, the analysis in this report is based on historical patterns repeating themselves. Whilst it gives us confidence to see consistency between current and historical patterns, readers should note that past performance is not indicative of future performance.

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What is Bitcoin halving?

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