Infinite loop on the Bitcoin market: To understand terminology
Bitco’s market watches have become a debate between merchants, investors and analysts. When websites and others mention “opening” or “close” bitcoin prices, it can be disturbing to understand what it means and why it is used first.
What hours are you on the Bitcoin market?
In the field of cryptography currency, market watches refer to the period between the trading platform or the exchange and are closed. This timeframe is crucial for merchants as it determines their potential profits or losses.
For example, if the trading platform opens at 9:00 and closes at 4:00 pm (ie 7 hours) and the price of bitcoin will open at 11:59 pm, the market is open from 10:00 to 16:00 . During this time, merchants can buy or sell bitcoin based on liquid market prices.
Why are news and analysts use “opening” and “closing” prices?
The news and analysts use these conditions because they want readers to know when the price movement occurred. By mentioning the “opening” or “closure”, I basically say “I am the latest price of Bitcoin’s action.”
For example:
- If Bitcoin opens to $ 40,000 and closes to $ 40,050, someone can write, “Bitcoin will open to $ 40,000 and then drop to $ 39,950.”
- If a trader buys or sells bitcoin for $ 50,000 in the morning, he would probably report that the price is $ 49,999 (before sale) and ends with $ 49,998 (after sale).
“Open” and “closure” only Hype?
Not necessary. Market lessons can provide valuable insight into market dynamics, such as liquidity, volatility or commercial activities. However, it is essential to consider the context and accuracy of news reports.
Some possible reasons why markets can be opened or closed at a certain time:
- Commercial measure: If a large number of dealers buy or sell bitcoin within a given time frame, it will be deducted by the price movement.
- Market mood: markets can become more unstable before the event, such as changes in interest rates, increased trade activities and expectations of market participants.
- Publication of economic data: Central bank notifications, GDP reports or other economic data may affect market prices.
Conclusion
Although the price of “opening” and “closure” may seem as a hype, they are in fact key to merchants, investors and analysts to understand the Bitcoin market dynamics. If you recognize these conditions, you are better prepared to make well -established decisions in this fast -developing cryptocurrency area.
Remember, always check the data through reputable sources before making any investment or trading decision.
