Bitcoin Price on June 15, 2024
| BTC Crypto | USD 96,290 332.78 0.35% |
If you're considering investing in Bitcoin Crypto Coin, it is important to understand the factors that can impact its price. As of today, the current price of Bitcoin stands at 96,290, as last reported on the 28th of November, with the highest price reaching 96,291 and the lowest price hitting 95,829 during the day. Bitcoin appears to be very volatile, given 3 months investment horizon. Bitcoin secures Sharpe Ratio (or Efficiency) of 0.24, which signifies that digital coin had a 0.24% return per unit of risk over the last 3 months. By analyzing Bitcoin's technical indicators, you can evaluate if the expected return of 0.82% is justified by implied risk. Please makes use of Bitcoin's Risk Adjusted Performance of 0.1885, downside deviation of 2.62, and Mean Deviation of 2.21 to double-check if our risk estimates are consistent with your expectations.
Bitcoin Crypto Coin price history is provided at the adjusted basis, taking into account all of the recent filings.
Bitcoin |
Sharpe Ratio = 0.2429
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| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
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Estimated Market Risk
| 3.39 actual daily | 30 70% of assets are more volatile |
Expected Return
| 0.82 actual daily | 16 84% of assets have higher returns |
Risk-Adjusted Return
| 0.24 actual daily | 19 81% of assets perform better |
Based on monthly moving average Bitcoin is performing at about 19% of its full potential. If added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Bitcoin by adding it to a well-diversified portfolio.
Bitcoin Valuation on June 15, 2024
It is possible to determine the worth of Bitcoin on a given historical date. On June 15, 2024 Bitcoin was worth 66188.81 at the beginning of the trading date compared to the closed value of 66631.59. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Bitcoin crypto coin. Still, in general, we apply an absolute valuation method to find Bitcoin's value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of Bitcoin where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Bitcoin's related companies.
| Open | High | Low | Close | Volume | |
| 66,006 | 66,419 | 65,832 | 66,189 | 406,244,398 | |
06/15/2024 | 66,189 | 66,917 | 66,012 | 66,632 | 433,010,496 |
| 66,482 | 66,571 | 64,034 | 65,158 | 2,293,559,034 |
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Bitcoin Trading Date Momentum on June 15, 2024
| On June 17 2024 Bitcoin was traded for 65,158 at the closing time. The maximum traded price for the trading interval was 66,571 and the lowest daily price was 64,034 . The daily volume was recorded at 2.3 B. The volume of trading on 17th of June 2024 played a part in the next trading day price drop. The overall trading delta to the next closing price was 2.21% . The overall trading delta to the closing price today is 7.26% . |
About Bitcoin Crypto Coin history
Bitcoin investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for Bitcoin is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Bitcoin will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market.
Bitcoin Crypto Coin Technical Analysis
Bitcoin technical crypto coin analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, crypto market cycles, or different charting patterns.
Price Boundaries
Bitcoin Period Price Range
Low | November 28, 2024
| High |
0.00 | 0.00 |
Bitcoin cannot be verified against its exchange. Please verify the symbol is currently traded on CRYPTO Exchanges. If you still believe the symbol you are trying to look up is valid, please let us know, and we will check it as soon as possible.
Bitcoin November 28, 2024 Market Strength
Market strength indicators help investors to evaluate how Bitcoin crypto coin reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Bitcoin shares will generate the highest return on investment.
Bitcoin Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Bitcoin's price direction in advance. Along with the technical and fundamental analysis of Bitcoin Crypto Coin historical price patterns, it is also worthwhile for investors to track various predictive indicators of Bitcoin to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.
| Risk Adjusted Performance | 0.1885 | |||
| Jensen Alpha | 0.7208 | |||
| Total Risk Alpha | 0.2754 | |||
| Sortino Ratio | 0.2536 | |||
| Treynor Ratio | 1.55 |
| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Bitcoin. Also, note that the market value of any cryptocurrency could be closely tied with the direction of predictive economic indicators such as signals in board of governors. You can also try the Price Exposure Probability module to analyze equity upside and downside potential for a given time horizon across multiple markets.