Bitcoin risk indicator
A reading from 0 (the price is far below its long-term average) to 1 (far above it), built from the price of Bitcoin against its 400-day average. It shows where the price stands in its cycle; it does not predict the next move.
Today: 0.34 (fairly low).
Low readings (under 0.4) mean the price is below its long-term average; high readings (above 0.7) mean it is stretched above it. Past cycles are not a guide to the next one.
Source: daily Bitcoin prices from Yahoo Finance. Last two years shown.
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