Bitcoin’s increasing price resistance uphill, short- and long-term

What can we say about bitcoin’s future price? In “Bitcoin’s natural long-term power-law corridor of growth” I have proposed a mathematical model for bitcoin’s price evolution which uses a simple equation using only time as an input variable. This article will not use a precise mathematical model. Rather, we will make a number of empirical observations regarding bitcoin’s price evolution. Two main observations are made:

• The case for the fact that bitcoin’s price returns are diminishing over time (i.e. price growth is…