Bitcoin Valuation Charts Mark Historical Zones, Not Buy Signals
Photo: TokenPost
Bitcoin (BTC) valuation indicators are highlighting historical price ranges, but the available data does not confirm that they produce a synchronized buying signal every four years. The model uses Bitcoin’s daily prices since 2012 and reports an R² fit of 94.3% under a Power Law regression. It uses a 180-day window to identify potential cycle extremes. A chart snapshot dated Oct. 9 showed Bitcoin at $82,598 with the label “Bitcoin is dead.” Other classifications on the chart include “BUY!” and “Basically a Fire Sale,” but those are chart labels rather than confirmed signals about Bitcoin’s next move.
Source: TokenPost
