Bitcoin bottom was perfectly modelled
Prediction of the Bitcoin price using the Rainbow Wave model
The Bitcoin Rainbow Wave indicator, based on a combination of logarithmic regression and damped harmonic oscillations, offers a unique perspective on the long-term price trends of Bitcoin. According to this model, the recent price drop in August reached its bottom, as predicted.
Currently, the indicator suggests that the Bitcoin price is unlikely to fall below $51,000, and this lower bound continues to rise by about $200 per day. This is due to the long-term upward trend that has been observed over the past 15 years, with the price rarely deviating from it.
We are in an exciting period where the lower boundary of this 15-year wave trend is pushing the price to new highs. If the model is correct, we can expect significant growth, potentially reaching the $240,000 level.
The Bitcoin Rainbow Wave indicator, based on a combination of logarithmic regression and damped harmonic oscillations, offers a unique perspective on the long-term price trends of Bitcoin. According to this model, the recent price drop in August reached its bottom, as predicted.
Currently, the indicator suggests that the Bitcoin price is unlikely to fall below $51,000, and this lower bound continues to rise by about $200 per day. This is due to the long-term upward trend that has been observed over the past 15 years, with the price rarely deviating from it.
We are in an exciting period where the lower boundary of this 15-year wave trend is pushing the price to new highs. If the model is correct, we can expect significant growth, potentially reaching the $240,000 level.
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