After each halving the midline of the Power Law channel was broken by a strong parabola. This cycle it got rejected three times.
RSI on weekly is now lower than at 2014 and 2018 bear market bottoms.
There’s a lot of momentum potential to the upside and the target keeps growing.
This bull war isn’t over.

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Original article | Odaily Odaily(@OdailyChina)
Author｜Azuma (@azuma_eth)
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Power-law narratives are useful… until they become religion. If RSI is that stretched, asymmetry is creeping back.