This chart visualizes the frequency with which certain Bitcoin price levels are visited, potentially forming key support and resistance levels. It is similar to a volume profile but focuses solely on price movement rather than trading volume.

The heatmap displays the relative frequency of price visits over time, with higher frequencies represented by warmer colors. As Bitcoin’s price fluctuates, it accumulates scores in predefined price ranges (e.g., $100 increments). These ranges are dynamically adjusted based on the observed high and low prices, with each range receiving a score that reflects how often the price closes within that range. The heatmap is accompanied by a candlestick chart to provide detailed price action data.

This tool can be useful for identifying areas where price has frequently been in the past, which may act as significant support or resistance levels in the future. The chart also allows zooming and adjusting the visible time range for a more detailed analysis.