Models on Bitcoin (BTC) future behavior see the coin as following a path of appreciation over the years, potentially suggesting that future prices would follow the same trend. But new research suggests the “corridor of growth” may be an exercise in retrofitting, and not of prediction.
PlanB Model Breaks Down on Real Price Analysis
It is true that Bitcoin has grown over the years, but the scenario of perpetual growth, fueled by adoption and reward halvings, does not hold to statistical analysis.
The natural growth channel model, proposed by Harold Christopher Burger, fits BTC price growth into a directed, price-limited chart of growth, based on a regression of prices. The model falsification arrives a few weeks after in-depth analysis also debunked the stock-to-flow…