Where is Bitcoin in its long-term range?
The same long-term trend, squeezed into one simple dial — from the floor of the range to the ceiling.
This takes Bitcoin's long-term trend corridor and squeezes it into a single dial that runs from the floor of the range to the ceiling, with the trend line itself as the middle. Read more
- Lately it has been sliding down the range toward the floor.
- It is sitting on the cheap side of the middle.
Above the middle line is the stretched side; below it is the cheap side. The swings between them have traced Bitcoin's cycles.
If it climbs toward the top of the range, it moves into the stretched zone that has marked past peaks.
If it sinks toward the bottom, it enters the cheap zone where past cycles have bottomed out.
Understanding Power Law Oscillator
The Power Law Oscillator takes the same long-term trend corridor and squeezes it into a single dial that runs from the floor of the range to the ceiling. The middle is the trend line itself.
When the dial sits low, price is in the cheap part of its long-term range — where past cycles have found their footing. When it sits high, price is stretched toward the top of the range, the way it has been near past peaks.
It's the simplest way to read the long-term trend model at a glance: one number for whether Bitcoin is cheap, fair, or stretched against its own fifteen-year path. A guide, not a guarantee — best used alongside the other cycle measures.