New Bitbo Chart

Bitbo is excited to announce our newest chart:

Our new Bitcoin 4-year moving average and power law chart shows the power law regression line and the 4 year moving average of Bitcoin’s price.

The 4 year moving average of price follows the power law support line quite closely, with an correlation coefficient nearing .98.

This chart is inspired by @Giovann35084111's post on twitter.

New Charts for Bitbo Pro Members

We combined our popular Bitcoin rainbow chart with the Bitcoin power law to create the Bitcoin power law rainbow.

Since the power law is based on time, we created a rainbow chart that is also based on time:

• The blue band represents 6 months above or behind the projected power law price (meaning price is on similar track to power law projection).

• Each band above represents another year ahead of the trend line.

• Green = 6 months to 1.5 years ahead of trend

• Yellow = 1.5 years to 2.5 years, etc

Explained another way:

If the Bitcoin price is in the blue zone, it means that is within 6-months of the projection based on the power law.

If it is in the green zone, that would mean it is somewhere from 6 months to 1 year and 6 months head of the power law projection.

If the Bitcoin price is in the purple zone, that means it is between 6 months and 1 year and 6 months behind the power law projection.

Colored Mayer Multiple.

This chart shows the Bitcoin Mayer Multiple, colored by percentile, to visually represent Bitcoin's price compared to its historical averages.

Each color on the chart indicates a different range of the Mayer Multiple's percentile:

• Blue: Below the 20th percentile (extremely low levels relative to history).

• Green: Between the 20th and 40th percentile (relatively low levels).

• Yellow: Between the 40th and 60th percentile (moderate levels).

• Orange: Between the 60th and 80th percentile (above average levels).

• Red: Above the 80th percentile (extremely high levels, potentially overbought).

This color-coding makes it easier to compare the current level of the Mayer Multiple against historical data, helping to identify if Bitcoin is overvalued or undervalued based on past performance.