Bitcoin Price (BTC/USD)

Bitcoin (BTC-USD) Charts 

Bitcoin's price is constantly moving, and to make informed decisions, it is essential to know how to read and interpret its charts.

These charts are the visual representation of price action over time, and understanding them is the first step for any investor or trader in the cryptocurrency market. 

Interpreting BTC-USD Charts Bitcoin charts predominantly use Japanese candlesticks. 

Each candle represents the price activity during a specific time period, which you define (1 hour, 1 day, 1 month, etc.). 

• Candle Body: Shows the difference between the opening price and the closing price. 
• A green (bullish) candle indicates that the closing price was higher than the opening price. 
• A red (bearish) candle indicates that the closing price was lower than the opening price. 
• Wicks or Shadows: The thin lines sticking out from the body. They show the highest price (upper shadow) and the lowest price (lower shadow) reached during that period. 

By observing a sequence of these candles, you can identify trends (upward, downward, or sideways), key levels of support (where buying historically stops a drop) and resistance (where selling historically stops a rise), and price patterns that suggest future movements. A sudden surge in trading volume accompanying a large candle usually signals strong market interest in that direction. 

Bitstamp BTC/USD - Different Time Charts

Each time frame on a Bitcoin chart offers a unique perspective and is optimized for a specific type of market participant:

Bitcoin price by TradingView

1-Hour Chart (1h): This time frame is crucial for day traders and scalpers who look to capitalize on intraday price movements. They use it to find precise entry and exit points, set tight stop-losses, and confirm short-term movements, as the trends and patterns seen here develop and conclude within a matter of hours.

Bitcoin price by TradingView

1-Day Chart (1d): The daily chart is the foundation for most swing traders and short/medium-term investors. It provides a balanced view, filtering out the "noise" of minor movements and highlighting underlying trends that last for days or weeks. This is the preferred frame for identifying robust support and resistance levels and confirming the direction of the main trend.

Bitcoin price by TradingView

1-Month Chart (1m): This horizon is the primary tool for long-term investors and macro analysts. It is used to assess the big picture, the long-term health of the asset, and its market cycle, almost entirely ignoring daily volatility. It helps identify secular trends (lasting months or years) and determine whether the current price is in a large-scale accumulation or distribution phase.

(The charts are non-interactive.)

- Chart source: TradingView

- Interactive charts on TradingView: https://www.tradingview.com/