The hash rate of Bitcoin follows a power law of the form Hash Rate ~Price^2 and the addresses follow a power law of the form Price ~ Addresses^2.
Then, Addresses follow their own power law in time Addresses ~ time^3.
Together, then we have Price ~ time^6.
Right now the Hash Rate is following closely the power law support, a support line at 60 % the nominal power law that represents a compromise between the large bubble oscillations and the general Bitcoin long term trend.
Then, Addresses follow their own power law in time Addresses ~ time^3.
Together, then we have Price ~ time^6.
Right now the Hash Rate is following closely the power law support, a support line at 60 % the nominal power law that represents a compromise between the large bubble oscillations and the general Bitcoin long term trend.
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