Historically this indicator provided a good overview of the range of BTC price since its early days. Obviously, in the long term it will become depreciated. However, so far, it seems to be pretty accurate. This is the result of 2 curve lines on both ends.
Noting that tops are difficult to draw accurately and predict since we are on a logarithmic scale and fewer tops are touched (a small change puts the price to 195k$).
Yet, it provides a pretty accurate insight of what the bottom price could be.
For people who don't own BTC, a good strategy would be to be patient and start an aggressive DCA strategy close to the bottom curve.
Noting that tops are difficult to draw accurately and predict since we are on a logarithmic scale and fewer tops are touched (a small change puts the price to 195k$).
Yet, it provides a pretty accurate insight of what the bottom price could be.
For people who don't own BTC, a good strategy would be to be patient and start an aggressive DCA strategy close to the bottom curve.
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