UP up and away! by jondoe

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· @jondoe ·
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UP up and away!
# Bitcoin Exits the Logarithmic Regression Bands

Bitcoin doing what bitcoin do, going up up up.

As I type it is solidly over $15k, and more importantly it's breaking out of the logarithmic regression bands to the upside.

Sees:

![image.png](https://i.imgur.com/K0Lzm36.png)

(source: https://twitter.com/intocryptoverse/status/1324430020211695616/photo/1)

The last time it did this was back in early 2017 and bitcoin really started to move quickly higher once it did.

Do you see it on the chart above?

From the time it broke out of the green zone last time, it peaked less than 12 months later.

If a similar trend repeats this time around, bitcoin would peak in the 3rd quarter of 2021.

The 3rd quarter is usually weak for bitcoin so perhaps it peaks at the end of the 2nd quarter or in the 4th quarter.

What do you think?
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