Based on PlanB’s chart, the leading cryptocurrency by market cap was trading at around $1,200 when it was at its fourth red dot in 2017 but quickly rallied to the $20,000 mark by the end of the year.

The quant analyst is also looking at different variations of Bitcoin’s realized cost price indicator, which measures the value of a given cohort’s coins at the price they were last transacted. PlanB’s chart shows three variations of the metric including the five-month, two-year and total realized cost price of BTC.