Price:
Latest Bitcoin price measured in USD.
Correlation:
Measures the correlation between the logarithm of the number of days since the Genesis block (LogTime) and the logarithm of the closing price (LogClose) on a log-log scale.
End Year:

This chart illustrates the historical price of Bitcoin in USD alongside a predictive model based on a power law relationship. The power law model captures the long-term trend of Bitcoin's price over time and accounts for the cyclical effects of Bitcoin's halving events, which occur approximately every four years.

The chart includes the following elements:

  • Actual Price: The historical Bitcoin price data.
  • Power Law Base: The long-term trend predicted by the power law model.
  • Power Law Cycle: The predicted price incorporating the effects of halving cycles.
  • Shaded Areas: Represent the historical distribution of prices relative to the model, specifically the range between the 10th and 90th percentiles.

The correlation statistic measures the strength of the relationship between the time since the Bitcoin Genesis block and the price, as modeled by the power law. A value close to 1 indicates a strong fit. Users can select an end year to extend the chart's time horizon and view the model's predictions into the future. The chart is updated in real-time with the latest Bitcoin price data.