The ability to trade cryptocurrency is one of the most fascinating parts of the ever-evolving trading environment. Among the several cryptocurrencies on the market, Bitcoin (BTC) has become the market leader.
A lot of traders across the globe are paying close attention to the btc usd pair, which represents the exchange rate between Bitcoin and the US Dollar. Fundamental Analysis for Bitcoin/USD Trading A solid understanding of basic analysis is necessary to appreciate the underlying factors that could affect the BTC/USD prices.
In this chapter, we’ll look at the fundamental analysis’ core principles and how they apply to trading BTC/USD. Economic Indicators: Examining economic indicators may provide insight into the overall health of the economy and how it may impact the prices of BTC and USD.
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