Where to start with Bitcoin Price Index?

Good places to start are the charts on Coindesk’s Bitcoin Price Index. Closing prices of any given period of time (a month, a week, a day, one hour, etc) are used to draw the price line. This kind of chart can be used to get a quick overview of what prices have been doing lately, but traders need more data to draw their conclusions.

What is the current price of bitcoin in US dollars?

On the right-hand vertical axis, you will see a number highlighted in red at $3,477. This is the current price of a single Bitcoin in US dollars. The left-hand vertical axis shows the price variation. You will notice that the chart is made up of red and green bars. These are known as candlesticks.

What is a bitcoin historical graph?

As you can see from this historical graph, the vertical axis has price levels and the horizontal axis has time values (in this case month and year). The line in the graph itself is simply tracking the movement of the price of Bitcoin over time to form one continuous line. And that is it!

What do you need to know about bitcoin?

The first thing you will want to know about Bitcoin, or any other cryptocurrency is the price. These charts are relatively easy to follow once you understand what you’re looking at. The graph above shows a single price spread for Bitcoin to USD. The horizontal top axis allows you to choose a time frame to look at.