Excerpt from a YouTube video (creator: Kosta Ouzas) explaining power law price bands as a roadmap for price movements and as a guide for protection strategies. The speaker describes how the system can 'walk' price down or up, and claims Bitcoin is 'comfortably staying in this range, statistically 99.9%.'
99.9%
If you take away the power law price bands, it's almost like you don't have a roadmap. When you put the power over there on top. You know exactly where you are at any given point. You know when you need to do worry if you're down here, it really depends because if you crush down here, you know, you may need to start thinking, I'm going to do some kind of protection. But usually what happens is our system, as you can see here, as it walks the price down. So we could walk the price down and we can walk the price up. And Bitcoin is comfortably staying in this range, statistically 99.9%.
