Menu

Bitcoin Profitable Days

Source: lookintobitcoin.com

Loading...

Zoom in with touchscreen: Touch and hold with ONE finger then drag.

Zoom in on desktop: Left click and drag.

Reset: Double click.

Access Indicator Alerts

Indicator Overview

Number of days in Bitcoin's traded history where holding Bitcoin has been profitable relative to today's price.

This chart highlights the aggressive growth of Bitcoin's adoption curve over time, which is reflected in its price. Because supply is limited, as demand grows price moves up.

For investors, it also demonstrates the importance of understanding the market cycles of Bitcoin to avoid buying market cycle tops. The drawdowns from cycle tops can last a long time, around 2-3 years in previous cycles.

Bitcoin Price Prediction Using This Tool

This indicator demonstrates how Bitcoin price has accelerated over its lifetime as it becomes adopted by more and more people around the world. For people trying to understand where the price of Bitcoin may go in the future and try and predict the price of Bitcoin, it pays to understand whether adoption and interest is likely to increase further over time.

This tool shows how people who have simply held Bitcoin on a long enough time horizon have been rewarded by Bitcoins adoption over time.

Created By

@Rhythmtrader

Date Created

August 2019

Fall Further Down The Rabbit Hole

Follow @Rhythmtrader on Twitter.

You May Also Be Interested In

Pi Cycle Top Indicator screenshot
Pi Cycle Top Indicator

Moving average and moving average multiples to pick market cycle highs to within 3 days.

200 Week Moving Average Heatmap screenshot
200 Week Moving Average Heatmap

A simple heatmap system based on movements of the 200 week moving average.

Fear And Greed Index screenshot
Fear And Greed Index

Market sentiment tool gauging investor fear and greed over time.

Back To Main Charts Page

Any information on this site is not to be considered as financial advice. Please review the Disclaimer section for more information.