It is time for another update on the #Bitcoin bull market support band. In this video we discuss various outcomes of price action over the next few months.
Time for an update on our #Bitcoin: The Beauty of Mathematics series, which is actually an analysis on the total #cryptocurrency market capitalization by comparing it to our fair value logarithmic regression trend line. No model will tell us exactly when/where the entire asset class will peak, but hopefully it gives us some insight into what is realistically possible. Where do you think the price of #Bitcoin is headed? Let me know in the comments!
This chart shows the days since price is down a given percentage. The reference point against which the percentage drawdown is measured is displayed on the chart with yellow dots. This reference point is determined by the highest price since the most recent percentage decline of the specified decline amount occurred.
You can customize the percentage decline amount in the options above the chart. The moving average for this chart gets applied to the price instead of the metric. For example, selecting a 7D SMA and 30% decline shows the amount of days since the 7D SMA of the price has declined 30%.
This week Real Vision’s Jamie McDonald uses best in class data to look at the prospect of a higher oil price through midterms and into year end, and the surprising effects that could have on the consumer. In the Chatter, Real Vision’s Roger Hirst talks to David Rickard, Director in Trading Solutions at LSEG, about several of these issues but in particular how they relate to higher government yields.
See the full series and access expert data-driven insights and news from Refinitiv: https://refini.tv/2Tq42o2
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