How to analyze the trend of bitcoin

1. when you normally view the K-line chart, you will default to the 15 minute market. This will clearly see the price fluctuation for a period of time

2. according to different needs, you can also view the market of the past year at the same time, You can also use the one minute line to view the less volatile K-line

3. the tool in the market icon can provide a simple convenience for market analysts to use the tool to draw the market trend chart

4. < P > the K-line is also divided into ordinary version K-line and simplified version K-line, which will be opened by default

Bitcoin market can be seen on many platforms, but the premise of these is that you can see it and find a reliable proct platform

here is an example, such as coinplus exchange

1. First, go to the official website of the Canadian dollar station, and then look at the home page

the key point is that the platform is very intimate, and even the download steps have direct guidance

the above are just personal opinions, which can be referred to and guided

Bitcoin was born in January 2009, on November 29, 2017, the price of bitcoin exceeded US $10000 for the first time , with a market value of nearly US $170 billion, and climbed to an all-time high of US $20000 on December 19. Since then, bitcoin prices have fluctuated sharply. In March 2018, the price of bitcoin fell below US $10000 and dropped below US $4000 at the end of the year

in April 2019, the price of bitcoin went up all the way , climbed to above $12000 in July, recovered to below $10000 at the end of August, fell below $8000 in late September, and then fluctuated between $7000 and $9000

since 2020, the price of bitcoin has broken through the 10000 yuan mark in February, then dropped below US $4000 in the next month, and has been above US $10000 since August< in the morning of November 6, the price of bitcoin was close to US $16000 , and the unit price had exceeded RMB 100000, up 12% in 24 hours. Compared with the lowest price in March 2020, the price of bitcoin has increased by nearly 300%

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bitcoin has a strong scarcity:

unlike all currencies, bitcoin does not rely on a specific monetary institution to issue, it is based on a specific algorithm, through a large number of calculations, Bitcoin economy uses the distributed database composed of many nodes in the whole P2P network to confirm and record all transactions, and uses the design of cryptography to ensure the security of all aspects of money circulation

the decentralized feature and algorithm of P2P can ensure that it is impossible to artificially control the value of bitcoin by mass manufacturing. The design based on cryptography can make bitcoin only be transferred or paid by the real owner. This also ensures the anonymity of money ownership and circulation transactions. The biggest difference between bitcoin and other virtual currencies is that the total amount of bitcoin is very limited and it has a strong scarcity