{"id":7453,"date":"2022-08-26T16:43:15","date_gmt":"2022-08-26T16:43:15","guid":{"rendered":"https:\/\/coingrafter.com\/index.php\/2022\/08\/26\/powell-versus-bitcoin-price-log-curve\/"},"modified":"2022-08-26T16:43:16","modified_gmt":"2022-08-26T16:43:16","slug":"powell-versus-bitcoin-price-log-curve","status":"publish","type":"post","link":"https:\/\/coingrafter.com\/index.php\/2022\/08\/26\/powell-versus-bitcoin-price-log-curve\/","title":{"rendered":"Powell Versus Bitcoin Price Log Curve"},"content":{"rendered":"<p> [ad_1]<br \/>\n<\/p>\n<div>\n<p>In this episode of NewsBTC\u2019s all-new every day technical evaluation movies, we&#8217;re wanting on the <a href=\"https:\/\/www.newsbtc.com\/news\/logarithmic-growth-curve-charts-bitcoin-price-at-170k-in-2028\/\">Bitcoin logarithmic growth curve<\/a>, the Power Law Corridor, and the 200\/100\/50-week transferring averages.<\/p>\n<p>Take a take a look at the video beneath.<\/p>\n<h2>VIDEO: Bitcoin Price Analysis (BTCUSD):\u00a0August 26, 2022<\/h2>\n<p><span style=\"font-weight: 400\">US Fed Reserve Chair <a href=\"https:\/\/www.newsbtc.com\/tag\/Jerome-powell\">Jerome Powell\u2019s<\/a>\u00a0speech right now is already having an impression on markets, with Bitcoin dropping help at $21,000 and at risk of falling deeper right into a bear pattern. With the crypto market unsure, on this video we zoomed out.<\/span><\/p>\n<p><p class=\"responsive-video-wrap clr\"><iframe loading=\"lazy\" title=\"Bitcoin Log Growth Curve Versus Powell: Bitcoin BTCUSD Technical Analysis August 26, 2022\" width=\"1200\" height=\"675\" src=\"https:\/\/www.youtube.com\/embed\/GpFoJKArLdc?feature=oembed\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share\" referrerpolicy=\"strict-origin-when-cross-origin\" allowfullscreen><\/iframe><\/p>\n<\/p>\n<h3>Log Growth Curve Continues To Support Price Action<\/h3>\n<p style=\"font-weight: 400\"><span style=\"font-weight: 400\">In this zoomed out view we&#8217;re taking a better take a look at the <a href=\"https:\/\/www.newsbtc.com\/news\/logarithmic-growth-curve-charts-bitcoin-price-at-170k-in-2028\/\">Bitcoin logarithmic growth curve<\/a>. A logarithmic progress curve will increase shortly at first however positive aspects lower and grow to be tougher over time. The log progress curve is carefully tied to the regulation of diminishing returns.<\/span><\/p>\n<p style=\"font-weight: 400\"><span style=\"font-weight: 400\">This kind of early progress kinds naturally. For instance, youngsters be taught extra simply than adults; when weight-reduction plan, weight comes off sooner to start out; or in distinction, newbie energy coaching positive aspects stack up shortly however over time plateau.<\/span><\/p>\n<p style=\"font-weight: 400\"><span style=\"font-weight: 400\">The log progress curve has supported the whole historical past of Bitcoin value motion and put a cease to each bull market. On Black Thursday in March 2020 and on August 20 2015 Bitcoin left a wick beneath the log progress curve. Each time resulted in a strong bull run. According to legendary investor <a href=\"https:\/\/kennonfinancial.com\/2021\/08\/30\/four-dangerous-words-2\/\" target=\"_blank\" rel=\"noopener\">Sir John Templeton<\/a>, \u201cThe four most dangerous words in investing are, this time its different\u201d Is this time actually completely different?<\/span><\/p>\n<p>\u00a0<img decoding=\"async\" loading=\"lazy\" class=\"alignnone size-large wp-image-500141\" src=\"https:\/\/www.newsbtc.com\/wp-content\/uploads\/2022\/08\/BTCUSD_2022-08-26_12-08-54-860x429.png\" alt=\"BTCUSD_2022-08-26_12-08-54\" width=\"860\" height=\"429\" srcset=\"https:\/\/www.newsbtc.com\/wp-content\/uploads\/2022\/08\/BTCUSD_2022-08-26_12-08-54-860x429.png 860w, https:\/\/www.newsbtc.com\/wp-content\/uploads\/2022\/08\/BTCUSD_2022-08-26_12-08-54-460x229.png 460w, https:\/\/www.newsbtc.com\/wp-content\/uploads\/2022\/08\/BTCUSD_2022-08-26_12-08-54-768x383.png 768w, https:\/\/www.newsbtc.com\/wp-content\/uploads\/2022\/08\/BTCUSD_2022-08-26_12-08-54-1536x766.png 1536w, https:\/\/www.newsbtc.com\/wp-content\/uploads\/2022\/08\/BTCUSD_2022-08-26_12-08-54-2048x1021.png 2048w, https:\/\/www.newsbtc.com\/wp-content\/uploads\/2022\/08\/BTCUSD_2022-08-26_12-08-54-360x180.png 360w, https:\/\/www.newsbtc.com\/wp-content\/uploads\/2022\/08\/BTCUSD_2022-08-26_12-08-54-750x374.png 750w, https:\/\/www.newsbtc.com\/wp-content\/uploads\/2022\/08\/BTCUSD_2022-08-26_12-08-54-1140x568.png 1140w\" sizes=\"auto, (max-width: 860px) 100vw, 860px\"\/><\/p>\n<pre style=\"text-align: center\">The log curve has by no means been damaged | Source: <a href=\"https:\/\/www.tradingview.com\/symbols\/BTCUSD\/\" target=\"_blank\" rel=\"noopener\">BTCUSD on TradingView.com<\/a><\/pre>\n<h3>Power Law Corridor Offers Alternative Take With Lower Support<\/h3>\n<p style=\"font-weight: 400\"><span style=\"font-weight: 400\">Some would possibly argue that the log curve is subjective \u2013 it&#8217;s. In the video, we\u2019ve chosen to attract the curve throughout candle closes permitting a wick beneath. Slightly adjusting to attract throughout wicks creates extra room on the backside of the curve.<\/span><\/p>\n<p style=\"font-weight: 400\"><span style=\"font-weight: 400\">There is yet one more longer-term progress mannequin, known as the<a href=\"https:\/\/www.newsbtc.com\/news\/power-law-tracking-bitcoins-growth-to-100k-and-beyond\/\"> Bitcoin Power Law Corridor<\/a> that&#8217;s much less subjective general. Turning the instrument on aligns with each variations of the log curve. The 2018 bear market backside stopped on the identical line we&#8217;re at now, whereas the Black Thursday backside in 2020 fell to the extent beneath.<\/span><\/p>\n<p><img decoding=\"async\" loading=\"lazy\" class=\"alignnone size-large wp-image-500140\" src=\"https:\/\/www.newsbtc.com\/wp-content\/uploads\/2022\/08\/BTCUSD_2022-08-26_12-09-05-860x429.png\" alt=\"BTCUSD_2022-08-26_12-09-05\" width=\"860\" height=\"429\" srcset=\"https:\/\/www.newsbtc.com\/wp-content\/uploads\/2022\/08\/BTCUSD_2022-08-26_12-09-05-860x429.png 860w, https:\/\/www.newsbtc.com\/wp-content\/uploads\/2022\/08\/BTCUSD_2022-08-26_12-09-05-460x229.png 460w, https:\/\/www.newsbtc.com\/wp-content\/uploads\/2022\/08\/BTCUSD_2022-08-26_12-09-05-768x383.png 768w, https:\/\/www.newsbtc.com\/wp-content\/uploads\/2022\/08\/BTCUSD_2022-08-26_12-09-05-1536x766.png 1536w, https:\/\/www.newsbtc.com\/wp-content\/uploads\/2022\/08\/BTCUSD_2022-08-26_12-09-05-2048x1021.png 2048w, https:\/\/www.newsbtc.com\/wp-content\/uploads\/2022\/08\/BTCUSD_2022-08-26_12-09-05-360x180.png 360w, https:\/\/www.newsbtc.com\/wp-content\/uploads\/2022\/08\/BTCUSD_2022-08-26_12-09-05-750x374.png 750w, https:\/\/www.newsbtc.com\/wp-content\/uploads\/2022\/08\/BTCUSD_2022-08-26_12-09-05-1140x568.png 1140w\" sizes=\"auto, (max-width: 860px) 100vw, 860px\"\/><\/p>\n<pre style=\"text-align: center\">Bulls may very well be able to power-up! | Source: <a href=\"https:\/\/www.tradingview.com\/symbols\/BTCUSD\/\" target=\"_blank\" rel=\"noopener\">BTCUSD on TradingView.com<\/a><\/pre>\n<h3 style=\"font-weight: 400\">A Long-Term Look At The 200\/100\/50-Week MA<\/h3>\n<p style=\"font-weight: 400\"><span style=\"font-weight: 400\">For our last long-term take a look at Bitcoin, we&#8217;re analyzing the 200, 100, and 50-week transferring averages.\u00a0<\/span><span style=\"font-weight: 400\">Unfortunately, Bitcoin stays beneath the <a href=\"https:\/\/www.newsbtc.com\/news\/bitcoin-breaches-19k-level-will-selloff-continue-whats-the-next-bottom\/\">200-week moving average<\/a> which is a detrimental signal. The transferring common has acted as bear market backside help up to now and may very well be working as resistance at the moment. The 100- and 50-week transferring averages are additionally about to type a <a href=\"https:\/\/www.newsbtc.com\/analysis\/btc\/bitcoin-death-cross-2022\/\">death cross<\/a> \u2013 which is the explanation for calling out this instrument.<\/span><\/p>\n<p style=\"font-weight: 400\"><span style=\"font-weight: 400\">In the previous when the 100 and 50 week <a href=\"https:\/\/www.newsbtc.com\/news\/moving-averages-will-be-key-in-bitcoins-next-move-what-are-the-btc-pullback-prices\/\">moving averages<\/a> cross in Bitcoin, the underside was already in, and the crypto market started to maneuver up shortly thereafter.\u00a0<\/span><span style=\"font-weight: 400\">Once once more, is that this time completely different?<\/span><\/p>\n<p><img decoding=\"async\" loading=\"lazy\" class=\"alignnone size-large wp-image-500142\" src=\"https:\/\/www.newsbtc.com\/wp-content\/uploads\/2022\/08\/BTCUSD_2022-08-26_12-08-19-860x429.png\" alt=\"BTCUSD_2022-08-26_12-08-19\" width=\"860\" height=\"429\" srcset=\"https:\/\/www.newsbtc.com\/wp-content\/uploads\/2022\/08\/BTCUSD_2022-08-26_12-08-19-860x429.png 860w, https:\/\/www.newsbtc.com\/wp-content\/uploads\/2022\/08\/BTCUSD_2022-08-26_12-08-19-460x229.png 460w, https:\/\/www.newsbtc.com\/wp-content\/uploads\/2022\/08\/BTCUSD_2022-08-26_12-08-19-768x383.png 768w, https:\/\/www.newsbtc.com\/wp-content\/uploads\/2022\/08\/BTCUSD_2022-08-26_12-08-19-1536x766.png 1536w, https:\/\/www.newsbtc.com\/wp-content\/uploads\/2022\/08\/BTCUSD_2022-08-26_12-08-19-2048x1021.png 2048w, https:\/\/www.newsbtc.com\/wp-content\/uploads\/2022\/08\/BTCUSD_2022-08-26_12-08-19-360x180.png 360w, https:\/\/www.newsbtc.com\/wp-content\/uploads\/2022\/08\/BTCUSD_2022-08-26_12-08-19-750x374.png 750w, https:\/\/www.newsbtc.com\/wp-content\/uploads\/2022\/08\/BTCUSD_2022-08-26_12-08-19-1140x568.png 1140w\" sizes=\"auto, (max-width: 860px) 100vw, 860px\"\/><\/p>\n<pre style=\"text-align: center\">Is this time completely different? | Source: <a href=\"https:\/\/www.tradingview.com\/symbols\/BTCUSD\/\" target=\"_blank\" rel=\"noopener\">BTCUSD on TradingView.com<\/a><\/pre>\n<p>Learn crypto technical evaluation your self with the NewsBTC Trading Course. <a href=\"https:\/\/www.newsbtc.com\/trading-courses\/\">Click here<\/a> to entry the free instructional program.<\/p>\n<p>All this week at Elliott Wave International is Trader Education Week. Here is <a href=\"https:\/\/bit.ly\/3Cskr2q\">free access<\/a> to 5 unique movies from one of many world\u2019s finest Elliott Wave analysts. You may also <a href=\"https:\/\/bit.ly\/2Wm62le\">get the Elliott Wave book for free<\/a> with a no price signup.<\/p>\n<p><b><i>Follow <\/i><\/b><a href=\"https:\/\/twitter.com\/tonyspilotroBTC\"><b><i>@TonySpilotroBTC on Twitter<\/i><\/b><\/a><b><i> or be part of\u00a0<\/i><\/b><a href=\"https:\/\/t.me\/TonyTradesBTC\"><b><i>the TonyTradesBTC Telegram<\/i><\/b><\/a><b><i> for unique every day market insights and technical evaluation schooling<\/i><\/b><b><i>. Please observe: Content is\u00a0instructional and shouldn&#8217;t be\u00a0thought-about funding recommendation.<\/i><\/b><\/p>\n<pre>Featured picture from iStockPhoto, Charts from TradingView.com<\/pre>\n<\/div>\n<p><script async src=\"\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><br \/>\n<br \/>[ad_2]<br \/>\n<br \/><a href=\"https:\/\/www.newsbtc.com\/analysis\/btc\/wpowell-bitcoin-price-august-26-2022\/\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>[ad_1] In this episode of NewsBTC\u2019s all-new every day technical evaluation movies, we&#8217;re wanting on the Bitcoin logarithmic growth curve, the Power Law Corridor, and the 200\/100\/50-week transferring averages. Take a take a look at the video beneath. VIDEO: Bitcoin Price Analysis (BTCUSD):\u00a0August 26, 2022 US Fed Reserve Chair Jerome Powell\u2019s\u00a0speech right now is already [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":7125,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"ocean_post_layout":"","ocean_both_sidebars_style":"","ocean_both_sidebars_content_width":0,"ocean_both_sidebars_sidebars_width":0,"ocean_sidebar":"","ocean_second_sidebar":"","ocean_disable_margins":"enable","ocean_add_body_class":"","ocean_shortcode_before_top_bar":"","ocean_shortcode_after_top_bar":"","ocean_shortcode_before_header":"","ocean_shortcode_after_header":"","ocean_has_shortcode":"","ocean_shortcode_after_title":"","ocean_shortcode_before_footer_widgets":"","ocean_shortcode_after_footer_widgets":"","ocean_shortcode_before_footer_bottom":"","ocean_shortcode_after_footer_bottom":"","ocean_display_top_bar":"default","ocean_display_header":"default","ocean_header_style":"","ocean_center_header_left_menu":"","ocean_custom_header_template":"","ocean_custom_logo":0,"ocean_custom_retina_logo":0,"ocean_custom_logo_max_width":0,"ocean_custom_logo_tablet_max_width":0,"ocean_custom_logo_mobile_max_width":0,"ocean_custom_logo_max_height":0,"ocean_custom_logo_tablet_max_height":0,"ocean_custom_logo_mobile_max_height":0,"ocean_header_custom_menu":"","ocean_menu_typo_font_family":"","ocean_menu_typo_font_subset":"","ocean_menu_typo_font_size":0,"ocean_menu_typo_font_size_tablet":0,"ocean_menu_typo_font_size_mobile":0,"ocean_menu_typo_font_size_unit":"px","ocean_menu_typo_font_weight":"","ocean_menu_typo_font_weight_tablet":"","ocean_menu_typo_font_weight_mobile":"","ocean_menu_typo_transform":"","ocean_menu_typo_transform_tablet":"","ocean_menu_typo_transform_mobile":"","ocean_menu_typo_line_height":0,"ocean_menu_typo_line_height_tablet":0,"ocean_menu_typo_line_height_mobile":0,"ocean_menu_typo_line_height_unit":"","ocean_menu_typo_spacing":0,"ocean_menu_typo_spacing_tablet":0,"ocean_menu_typo_spacing_mobile":0,"ocean_menu_typo_spacing_unit":"","ocean_menu_link_color":"","ocean_menu_link_color_hover":"","ocean_menu_link_color_active":"","ocean_menu_link_background":"","ocean_menu_link_hover_background":"","ocean_menu_link_active_background":"","ocean_menu_social_links_bg":"","ocean_menu_social_hover_links_bg":"","ocean_menu_social_links_color":"","ocean_menu_social_hover_links_color":"","ocean_disable_title":"default","ocean_disable_heading":"default","ocean_post_title":"","ocean_post_subheading":"","ocean_post_title_style":"","ocean_post_title_background_color":"","ocean_post_title_background":0,"ocean_post_title_bg_image_position":"","ocean_post_title_bg_image_attachment":"","ocean_post_title_bg_image_repeat":"","ocean_post_title_bg_image_size":"","ocean_post_title_height":0,"ocean_post_title_bg_overlay":0.5,"ocean_post_title_bg_overlay_color":"","ocean_disable_breadcrumbs":"default","ocean_breadcrumbs_color":"","ocean_breadcrumbs_separator_color":"","ocean_breadcrumbs_links_color":"","ocean_breadcrumbs_links_hover_color":"","ocean_display_footer_widgets":"default","ocean_display_footer_bottom":"default","ocean_custom_footer_template":"","ocean_post_oembed":"","ocean_post_self_hosted_media":"","ocean_post_video_embed":"","ocean_link_format":"","ocean_link_format_target":"self","ocean_quote_format":"","ocean_quote_format_link":"post","ocean_gallery_link_images":"on","ocean_gallery_id":[],"footnotes":""},"categories":[4],"tags":[20,1038,3912,3911,110],"class_list":["post-7453","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-market","tag-bitcoin","tag-curve","tag-log","tag-powell","tag-price","entry","has-media","owp-thumbs-layout-horizontal","owp-btn-normal","owp-tabs-layout-horizontal","has-no-thumbnails","has-product-nav"],"_links":{"self":[{"href":"https:\/\/coingrafter.com\/index.php\/wp-json\/wp\/v2\/posts\/7453","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/coingrafter.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/coingrafter.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/coingrafter.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/coingrafter.com\/index.php\/wp-json\/wp\/v2\/comments?post=7453"}],"version-history":[{"count":1,"href":"https:\/\/coingrafter.com\/index.php\/wp-json\/wp\/v2\/posts\/7453\/revisions"}],"predecessor-version":[{"id":7454,"href":"https:\/\/coingrafter.com\/index.php\/wp-json\/wp\/v2\/posts\/7453\/revisions\/7454"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/coingrafter.com\/index.php\/wp-json\/wp\/v2\/media\/7125"}],"wp:attachment":[{"href":"https:\/\/coingrafter.com\/index.php\/wp-json\/wp\/v2\/media?parent=7453"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/coingrafter.com\/index.php\/wp-json\/wp\/v2\/categories?post=7453"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/coingrafter.com\/index.php\/wp-json\/wp\/v2\/tags?post=7453"}],"curies":[{"name":"wp","href":"https:\/\/api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