The Power Law divergence indicator acts as a key measurement tool for determining how significantly Bitcoin’s present price strays from its anticipated growth path. Historical price cycle comparisons show that Bitcoin hasn’t reached bubble territory yet, with the cryptocurrency trading above its long-term trendline—a clear indication of disciplined, organic growth with substantial room for future gains.
Hang in there, bulls.
It’s felt like an eternity trapped in The Boring Zone, but there’s finally some light at the end of the tunnel.
Liquidity is on the rise again, and Bitcoin – being extremely sensitive to changes in liquidity conditions – has the potential to move… pic.twitter.com/7ES65QZEbT— Julien Bittel, CFA (@BittelJulien) September 10, 2024
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