Using the Bitcoin Logarithmic Growth Curves to Accumulate Bitcoin and Time the Top of the Bull Market
I took the Bitcoin Logarithmic Growth Curve and worked out how many days from April 2011 the Bitcoin price were above and below the Fib2361Dev level.
The green periods I classified as bull range (Bitcoin price above the level), and the orange period as bear range (Bitcoin price below the level).
Using the chart above the Bitcoin price spend 1743 days in the bull range and 1928 days in the bear range.
This gives a 47% total time in the bull range and 53% in the bear range. Many top Bitcoin analyst forecasts the Bitcoin price will reach its peak before December 2021. If that happens and the Bitcoin price remains in the bull range for another 6 months, it would give the bull/bear periods a 50%/50% split.
This is fascinating, because should the Logarithmic charts hold for another 10 years, it is safe to conclude that there is a high probability that the 50%/50% bull/bear split will continue. Therefore this charts give excellent opportunities for investors to accumulate Bitcoin when the price is below the Fib2361Dev level, and hold Bitcoin until the price reach the top (or near the top) of the growth curves.
Let’s see what the future holds and how this Bitcoin Logarithmic Growth Curve can assist Bitcoin and Cryptocurrency investors.
The views in this article is my own views and should not be used for financial advice.
