Bitcoin: Power Law Model Faces Challenge
André Dragosch predicts the diminishing returns hypothesis and Power Law model for Bitcoin will face severe challenges this bull cycle as fiat money supply growth defies the pattern.
SourceAnalysis
Bitcoin faces a direct challenge to its diminishing returns hypothesis this cycle. André Dragosch cites @ColeMacro that fiat money supply growth shows no such pattern, so neither will BTC, especially after the debt crisis turned terminal with the end of DOGE.
BTC sits at $75950.51 below the EMA50 at $77259.21 and EMA200 at $80161.51, locking in a bearish trend structure. The MACD golden cross at -478.96 supplies bullish momentum while RSI at 41.02 stays neutral. Price holds inside the Bollinger bands with upper resistance at $76271.56, suggesting a test of that level before any deeper move toward lower band support at $75620.02.
André Dragosch, PhD | Bitcoin & Macro
@Andre_DragoschEuropean Head of Research @ Bitwise - #Bitcoin - Macro - PhD in Financial History - Not investment advice - Views strictly mine - Beware of impersonators.