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Glassnode

The Bitcoin Price Temperature (BPT) is an oscillator that models the number of standard deviations that price has moved away from the 4-yr moving average. This seeks to establish a mean reversion model based on the cyclical nature of Bitcoin halving, and investment cycles. The BPT bands then establish price levels that coincide with specific standard deviation multiples to identify fair, and extreme valuations.

Coined By:

DilutionProof

References:

Introducing the Bitcoin Price Z-Score, 29-Nov2020

Bitcoin Price Temperature (Bands), 16-Dec-2020