When there is so much feeling and subjectivity ... MAYBE the cold and objective mathematics can help us with the trend.
Everybody talks about trends, but only a few know the mathematical trend as linear regression. This graph is the trend since 20k using linear regression.
The coefficient of determination (R2) tells us that so much prediction power has the...
Intersection of the rectangle with red trend lines.
Disappointed? In my opinion the 20k went by the expectation of the futures and then the bubble was punctured.
The future growth of the btc will be by mass use as a means of payment, if it proves that it serves for it.
Thanks to tradingview analysts, they are the best.
Technical analyst who respects himself always has an idea of the Long Term.
It shows us possible and impossible price range for the following days, weeks or months.