OB1 – the new Bitcoin price prediction indicator!

OB1 – the new Bitcoin price prediction indicator!

By Jumble | Jumble | 19 May 2020


The price for Bitcoin (BTC) is very volatile. Many financial analysts use price prediction methods that are used to estimate the price for a stock or a fiat currency to estimate the future price for BTC. But BTC has a special and until this time an unknown price prediction indicator. It is the “OB1” indicator.

OB1 indicator

The genesis block for BTC was “mined” on Saturday, January 3, 2009, at 1:15 P.M. Eastern Standard Time (UTC-5). BTC is the first digital money project that has not come to an end. But, many people have written that BTC will die. The Bitcoin Obituaries project, has a list of the 350 times since 2010 that it was written that BTC will die. The first death prediction was on December 15, 2010. The last death prediction was on March 4th, 2020.

Here is the chronological history for the death predictions.

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Here is graph for the annual return on investment (ROI) and the number of death predictions (Obits). The two properties are highly correlated. Use the OB1 BTC price prediction indicator, that is the number of BTC death predictions, as a 12-month forward BTC ROI estimate.

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Note: This comparison is for information purposes only.  It is not intended to be investment advice. Seek a duly licensed professional for investment advice.

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Jumble
Jumble

Technical and marketing content writer. And a cryptocurrency fanatic.


Jumble
Jumble

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