The Bitcoin Trend Indicator

AccessTimeIconMar 27, 2023 at 9:50 p.m. UTC

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The Bitcoin Trend Indicator ("BTI") is a dynamic signal designed to convey the presence, direction, and strength of momentum in the price of bitcoin. BTI is calculated and published daily derived from historical daily levels of the CoinDesk Bitcoin Price Index ("XBX").

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  • The Bitcoin Trend Indicator will have one of five possible daily values, with each value corresponding to an indicated direction and strength of trend in the price of the underlying digital asset as shown table below.

    Trend Indicator Value
    Indication
    1.0
    Significant Uptrend
    0.5
    Uptrend
    0.0
    Neutral
    -0.5
    Downtrend
    -1.0
    Significant Downtrend

    The following chart provides the performance of the XBX overlayed with the daily trend signal indicator.

    Disclaimer:

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