BTC
$103,991.42
+
0.72%
ETH
$2,579.16
-
0.13%
USDT
$1.0001
+
0.00%
XRP
$2.4821
-
2.19%
BNB
$657.84
+
1.03%
SOL
$173.44
-
1.19%
USDC
$0.9998
-
0.01%
DOGE
$0.2274
-
1.83%
ADA
$0.7860
-
1.23%
TRX
$0.2758
-
0.06%
SUI
$3.9246
+
0.09%
LINK
$16.58
-
1.80%
AVAX
$23.99
-
4.62%
XLM
$0.2996
-
1.22%
SHIB
$0.0₄1515
-
3.73%
HYPE
$25.88
+
3.49%
HBAR
$0.2020
-
1.82%
LEO
$8.9033
+
1.08%
BCH
$397.37
-
1.33%
TON
$3.1316
-
3.82%
Logo
  • News
  • Prices
  • Data
  • Indices
  • Research
  • Consensus
  • Sponsored
  • Sign In
  • Sign Up
Advertisement

Consensus 2025

Consensus 2025

Prices Increase This Friday

15:02:04:21

15

DAY

02

HOUR

04

MIN

21

SEC

Register Now
Markets
Share this article
X iconX (Twitter)LinkedInFacebookEmail

CoinDesk Indices Unveils Bitcoin Trend Indicator

The BTI is a daily signal that communicates the direction and strength of bitcoin's price trends through a purpose-built algorithm.

By Sam Reynolds
Updated Apr 13, 2023, 6:38 p.m. Published Apr 13, 2023, 4:14 p.m.

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

BTI generates one of five possible values, each representing a particular direction and strength of bitcoin's price trend, ranging from significant downtrend to significant uptrend. It is generated via historical data from the CoinDesk Bitcoin Price Index (XBX), using a non-discretionary algorithm.

STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
By signing up, you will receive emails about CoinDesk products and you agree to our terms of use and privacy policy.

"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."

The BTI has been backtested over a five-year period using XBX data.

BTI can be used by asset managers and investors for long-only dynamic allocation strategies. Employing the widely used method of moving average crossovers, BTI’s algorithm identifies trends by comparing short-term price averages with their long-term counterparts.

According to CoinDesk Indices, a hypothetical BTI-directed portfolio of bitcoin and cash demonstrated reduced exposure during downturns – less “crypto winter” – in the cryptocurrency market, while still catching the market upswings.

BTI is one part of CoinDesk Indices’ portfolio, alongside the Digital Asset Classification Standard (DACS) and the CoinDesk Market Index (CMI).

"The BTI is for everyone," Baehr said. "It's a simple way to get a feeling for price momentum in bitcoin. For advisers and asset managers, it's a powerful tool to build rules-based strategies that can help their clients navigate crypto seasons."

UPDATE: (April 13, 16:40 UTC): Updates with links to website, press release.

CoinDeskCoinDesk IndicesBitcoin
Sam Reynolds

Sam Reynolds is a senior reporter based in Asia. Sam was part of the CoinDesk team that won the 2023 Gerald Loeb award in the breaking news category for coverage of FTX's collapse. Prior to CoinDesk, he was a reporter with Blockworks and a semiconductor analyst with IDC.

X icon
Sam Reynolds

Only 2 articles remaining this month.

Sign up for free

About

  • About Us
  • Masthead
  • Careers
  • CoinDesk News
  • Crypto API Documentation

Contact

  • Contact Us
  • Accessibility
  • Advertise
  • Sitemap
  • System Status
DISCLOSURE & POLICES
CoinDesk is an award-winning media outlet that covers the cryptocurrency industry. Its journalists abide by a strict set of editorial policies. CoinDesk has adopted a set of principles aimed at ensuring the integrity, editorial independence and freedom from bias of its publications. CoinDesk is part of the Bullish group, which owns and invests in digital asset businesses and digital assets. CoinDesk employees, including journalists, may receive Bullish group equity-based compensation. Bullish was incubated by technology investor Block.one.
EthicsPrivacyTerms of UseCookie SettingsDo Not Sell My Info

© 2025 CoinDesk, Inc.
X icon
Sign Up
  • News
    Back to menu
    News
    • Markets
    • Finance
    • Tech
    • Policy
    • Focus
  • Prices
    Back to menu
    Prices
    • Data
      Back to menu
      Data
      • Trade Data
      • Derivatives
      • Order Book Data
      • On-Chain Data
      • API
      • Research & Insights
      • Data Catalogue
      • AI & Machine Learning
    • Indices
      Back to menu
      Indices
      • Multi-Asset Indices
      • Reference Rates
      • Strategies and Services
      • API
      • Insights & Announcements
      • Documentation & Governance
    • Research
      Back to menu
      Research
      • Consensus
        Back to menu
        Consensus
        • Consensus Toronto
        • Toronto Coverage
      • Sponsored
        Back to menu
        Sponsored
        • Thought Leadership
        • Press Releases
        • CoinW
        • MEXC
        • Phemex
        • Advertise
      • Videos
        Back to menu
        Videos
        • CoinDesk Daily
        • Shorts
        • Editor's Picks
      • Podcasts
        Back to menu
        Podcasts
        • CoinDesk Podcast Network
        • Markets Daily
        • Gen C
        • Unchained with Laura Shin
        • The Mining Pod
      • Newsletters
        Back to menu
        Newsletters
        • The Node
        • Crypto Daybook Americas
        • State of Crypto
        • Crypto Long & Short
        • Crypto for Advisors
      • Webinars & Events
        Back to menu
        Webinars & Events
        • Consensus 2025
        • Policy & Regulation Conference
      Select Language
      English enEspañol esFilipino filFrançais frItaliano itPortuguês pt-brРусский ruУкраїнська uk