Bitcoin Price Relative to the Powerlaw
Above:
Up-to-date bitcoin price relative to the lower bound trendline (see our first chart).
Based on the assumption of powerlaw behavior, it's better to buy bitcoin when the price is closest to the lower bound.
The upper bound is plotted relative to it is as well. We consider it to be more of an approximation than the lower bound, as it is based only on the peaks in the data.
The peaks occur roughly once every halving of the bitcoin mining efficiency (gray vertical lines).
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