PE69: How often is Bitcoin UNDER trend??

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This is the sixty-ninth video installment from Porkopolis Economics, covering macro and money, from the creator of the Crypto Voices podcast, Matthew Mezinskis.

Contents

00:00 Intro

01:01 First times breaking above & below

03:06 Into and out of crypto winter

06:21 Nov-2018 puke below

07:51 Trends around 2021 double top

12:55 Closing answers!!

Here I talk about the power regression trendlines over Bitcoin's price. From Bitcoin Pizza day in 2010, to the present. Three questions I answer in this video:

1) How many times has Bitcoin's price pierced its trendline?

2) What % of the time overall is this movement?

3) Does Bitcoin's price stay above its trendline more or less than under?

All-time trend coefficients to draw it yourself:

Power formula: y = a * x ^ b

Coefficients found: y = 7.70E-18 * x ^ 587%

Prior videos with further info:

Yesterday's power regression: https://www.youtube.com/watch?v=yUTigJRqwA0

Host: Matthew Mezinskis

https://porkopolis.io

https://twitter.com/crypto_voices

Show content is not investment or financial advice in any way.