Bitcoin Metric Analyzer

Tool Introduction - IntoTheCryptoverse introduces a new metric analyzer tool for cryptocurrency, similar to tools used in other asset classes [1][2] - The tool analyzes Bitcoin's price action after specific events, initially focusing on moving averages, with plans for future expansion [2][3] - Users can analyze ROI (Return on Investment) after events like weekly closes above or below specific Simple Moving Averages (SMAs) over different timeframes (1 day, 1 week, 1 month, 3 months, 6 months, 1 year) [3] Bitcoin Analysis - Analysis of Bitcoin's historical performance after weekly closes below the 50-week SMA shows an average price increase of only 3-4% three months later [4] - Bitcoin tends to increase significantly after a weekly close above the 50-week SMA after being below it [5][6] - When Bitcoin closes above the 20-week SMA, the average return one month later is up 3%, three months later up approximately 40%, and one year later up approximately 376% [9] - Bitcoin's average return a year after closing below the 200-week SMA: 2015 (155%), later on 164%, 2020 (almost 1,000%), 2022 (30%), 2023 (160% and 125%) [11] Comparative Analysis - The tool allows comparison of Bitcoin's performance with other assets like Ethereum and Solana [7][8] - Users can analyze how Ethereum performs after Bitcoin closes above the 50-week SMA [8] - Users can analyze Solana's price performance when it closes above its 20-week SMA [8] Future Development - IntoTheCryptoverse plans to add more technical indicators and features to the tool to enhance its utility [6] - The company is considering incorporating the number of coins above their 50-week SMA as a metric [9] - The company is considering excluding earlier price action (e g 2012) to provide more relevant and believable data [10]