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CoinDesk Indices Unveils Bitcoin Trend Indicator

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CoinDesk Indices is unveiling the Bitcoin Trend Indicator, a daily signal that shows the direction and strength of bitcoin's price trends through a purpose-built algorithm. TheSamReynolds writes

CoinDesk Indices, a CoinDesk subsidiary, is starting the Bitcoin Trend Indicator , an online tool to help investors determine where the price of bitcoin is going.

"We are excited to offer the Bitcoin Trend Indicator, which has been rigorously researched and constructed," Andy Baehr, CFA, managing director at CoinDesk Indices, said in a press release."We designed the BTI to help identify trends in the price of bitcoin, assisting asset managers to create new dynamic products, and helping investors make better-informed allocation decisions over a long-term horizon.

 

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