Tracking the Health of the Bitcoin Network with Six Fundamental Indicators

Source ByteTree.com: Bitcoin $ (white) and six strategies as described since 2012.
Source ByteTree.com: Bitcoin $ (white), 1 week (light green), and 53 week (dark green) fees in US $ since 2013.
  • bearish on 20th March 2014 at $588
  • bull/bear signal in March 2015 which was soon reversed (small profit)
  • bullish on 30th June 2015 at $261
  • bearish on 31st January 2018 at $9,961
  • bullish on 30th March 2019 at $4,077
  • bearish on 28th August 2019 at $9,666
  • Spend 3/5 transaction value $; 3 week greater than 5 week
  • Spend 2/52 transaction value $; 2 week greater than 52 week
  • Fees 1/52 fees $; 1 week greater than 52 week
  • Fees 3/52 fees $; 3 week greater than 52 week
  • Coin 3/5 transaction value in bitcoin; 3 week greater than 5 week
  • Coin 26/52 transaction value in bitcoin; 26 week greater than 52 week

Testing the data

The signal and the noise

Source ByteTree.com: Bitcoin $ (white) and six strategies bull mode count (grey shaded) since 2012.
Source ByteTree.com: Bitcoin $ (white) and the ByteTree Market Health Strategy (blue). Grey shaded areas show bitcoin in good health since 2012.
Source ByteTree.com: ByteTree Market Health Strategy relative to Bitcoin. Grey shaded areas show Bitcoin in good health since 2012.

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ByteTree.com

ByteTree.com

Applied data for digital asset investors. ByteTree provides real-time data, fundamentals, technical and deep blockchain market analysis for Bitcoin, and more.