Bitcoin

Bitcoin is a digital currency, sometimes referred to as a cryptocurrency, best known as the world's first truly decentralized digital currency. Bitcoin is traded on a peer-to-peer basis with a distributed ledger called the Blockchain, and the Bitcoin exchange rate to the US Dollar and other major currencies is determined by supply and demand as with other global exchange rates. The traded value of Bitcoin has proven volatile through various booms and busts in demand. Ultimately, however, many see Bitcoin as a store of value against government-backed fiat currencies.

Abbreviated as BTC, Bitcoin is actively traded against the world's major currencies across decentralized markets. Bitcoins are kept in so-called Bitcoin wallets, which depend on private keys and cryptography to secure its Bitcoins to a specific entity or user.

By comparison to government-backed global currencies, Bitcoin remains fairly complex for the typical user to acquire and use in regular transactions. Growing interest and significant global investments in Bitcoin wallet and Blockchain technology have nonetheless made buying and selling Bitcoin far more accessible to the average user. And indeed growing acceptance by government entities have ameliorated the ambiguity of legal and regulatory status for Bitcoin and Bitcoin exchanges.

You can find historical price of Bitcoin on our chart and latest news and analysis on the Bitcoin exchange rate.

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BITCOIN chart

BITCOIN chart by TradingView

IGCS: IG Client Sentiment data provided by IG


Last Week
3.74
Current
---
Chg. Open Interest
-3.8%
Outlook
Bearish

Pivot Points data provided by IG

Support & Resistance

BITCOIN
S16116.560 W R37290.470 S
S25790.830 M R26790.590 M
S35290.950 S R16237.860 W
Trend
down
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Bitcoin further reading

News


Bitcoin, Ethereum, Ripple: Low Volatility, High Risk | Webinar

The cryptocurrency market jumped then fell back Monday morning after stable coin Tether (USDT) broke below its 1:1 fiat US dollar peg.
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Bitcoin (BTC) Price: Driven by Fidelity and Tether (USDT)


Elliott Wave Patterns Suggest Continued Weakness in Stocks & DXY


Bitcoin (BTC) Price Breakdown Signals Further Losses


Bitcoin Price Chart – Triangle Breakout to Further Along Crypto-bust


Real Time News


Analyst Picks

Michael Boutros

Michael Boutros Currency Strategist

My Picks: Near-term Setups in AUD/USD, USD/CHF and Bitcoin (BTC/USD)
Expertise: Technical Analysis
Average Time Frame of Trades: 1-3 Days

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