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BTC | Bitcoin Price Index (BTCUSD)

Bitcoin Price Index (BTCUSD)

BTC

INTERVALS 
Tier 1:  1M, 1W, 3D, 1D, 12h, 4h, 2h, 1h, 15m, 10m, 5m, 1m	
Tier 2:  1M, 1W, 3D, 1D, 12h, 4h, 2h, 1h, 15m, 10m, 5m, 1m	
Tier 3:  1M, 1W, 3D, 1D, 12h, 4h, 2h, 1h, 15m, 10m, 5m, 1m

Bitcoin Price

What is it?

Bitcoin Price - It is the current value of Bitcoin expressed in US dollars (USD). It is a fundamental indicator closely watched by investors, traders, and cryptocurrency market analysts.

Analysis of Bitcoin Price

ConsiderationsTechnical Analysis: Some traders believe that by analyzing only the price of Bitcoin, they can effectively predict its ups and downs. Methods such as analyzing price-based indicators (RSI, Stoch RSI, MA, EMA) and observing trendlines and historical data are often used for such forecasts. However, it should be noted that price-based indicators like RSI, Stoch RSI, MA, EMA, etc., interpret the end result, which is the price, rather than the cause that affects it.

On-Chain and Exchange AnalysisOn-Chain Analysis: It complements technical analysis. On-chain data shows real-time transactions and movements of specific wallets on the blockchain, which can directly impact the price of BTC.

On-Chain Indicators Highly Correlated with BTC Price:

rBTC (Bitcoin reserves on exchanges)
LTH SOPR (Long-Term Holder Spend Output Profit Ratio)

Exchange Indicators Highly Correlated with BTC Price:

CBR (FOMO detector / pump detector)
Funding Rates (sentiment of positions in futures markets)

Choosing the appropriate time frame depends on the trading style and analytical preferences of the trader. Longer time frames (such as 1W, 1D) are preferred by long-term investors, while shorter time frames (from 4h to 1m) are used by traders focused on short-term price changes and day trading.

Updated on: 07/03/2024

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