OPEN-SOURCE SCRIPT
Bitcoin Difficulty Model [aamonkey]
This is a model to calculate Bitcoin price based on Difficulty.
How to calculate it:
BDM = (difficulty^0.51) * 0.002
For the difficulty, the daily average is used.
How to calculate it:
BDM = (difficulty^0.51) * 0.002
For the difficulty, the daily average is used.
Open-source script
In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in publication is governed by House rules. You can favorite it to use it on a chart.
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