Bitcoin's full price history compressed onto a single curve — every halving cycle overlaid on a root-scale power-law model, so 2013, 2017, 2021, and today all read on the same axis. Chart and model built by @LeomathHeart of Bitcoin Wave, featured here with credit.
A linear count of halving epochs since Bitcoin's genesis — each whole number (H1, H2, H3…) marks a halving block, so every cycle occupies roughly the same horizontal span regardless of calendar year.
Price compressed by a root-power transform rather than a straight log scale — the model's way of fitting early, explosive cycles and later, calmer ones onto one consistent curve.
PL0 is the model's central power-law fit; the PL and W bands above and below mark historical over- and under-valuation ranges each cycle has traded within.