Renowned technical analyst Peter Brandt has once again captured attention with his new logarithmic Bitcoin chart spanning 15 years.
15-Year Bitcoin Curve
The curve emphasizes Bitcoin's evolution from nearly vertical early surges to more tempered waves post-2021. This curve highlights how increasing market volatility has gradually given way to a more mature market.
Possible Scenarios for Bitcoin
According to the analyst, scenarios converge at two extremes. Bitcoin could either surpass the upper band, initiating a fresh rally, or dip below the lower band, invalidating its fifteen-year technical structure. Both possibilities could significantly impact the market.
Market and Investor Psychology
Market psychology is now anchored in these bifurcated possibilities. The compression in volume creates a force unlikely to sustain directionless trading for long. Thus, the question of which way Bitcoin breaks the curve remains a collective curiosity.
Brandt's chart is impartial, merely documenting a structure that compels short-term decision-making. The future of Bitcoin hinges on how investors respond to current market conditions.
