We can use the σ deviations of the power law to see where Bitcoin's price is relative to its historic trend. Currently σ is at −0.841, roughly the 2019 bottom level. Historically, σ deviations below −1 have marked a buy zone for Bitcoin. One thing to note however: This cycle we have not seen significant deviations to the upside as in the past. So the question is: Will this bear market be more shallow than historically in terms of drawdowns too, or are we in for similar corrections despite the lack of a significant blow-off top? In the latter case we would see deeper σ levels than before.(Dr. Jan Wüstenfeld)