BITCOIN BUBBLE INDEX, SPECULATION AND BITCOIN ALL TIME HIGH MARCH, 2024 UPDATE. 21st of MARCH , 2024
On the 14th of March, 2024 Bitcoin made an all time high of $73,835.57 and has rapidly lost value which lead to various speculation of a upcoming Bitcoin bubble. A Bitcoin bubble is a phenomenon where Bitcoin price loses a significant value over a short period of time. Similarly, the Bitcoin Bubble Index is simply an indicator that measures whether the price of Bitcoin is actually in a bubble state or not. It is calculated based on historical price data.
The below chart shows historical data of Bitcoin price and Bitcoin bubble index curated from GitHub. . .by aksnzhy
BITCOIN BUBBLE INDEX CHART
The updated version of the Bitcoin bubble Index chart can be viewed on Coin glass website
However, even though Bitcoin currently have a down trend, the current Bitcoin speculation of a Bitcoin bubble is still not verified as the current Bitcoin halving scheduled for April 2024 is yet to take place.