Bitcoin Price Breaks Quiet, Turns Sharply Lower

Bitcoin Bitcoin While some may still be wondering what is Bitcoin, who created Bitcoin, or how does Bitcoin work, one thing is certain: Bitcoin has changed the world.No one can remain indifferent to this revolutionary, decentralized, digital asset nor to its blockchain technology.In fact, we’ve gone a long way ever since a Florida resident Laszlo Hanyecz made BTC’s first official commercial transaction with a real company by trading 10,000 Bitcoins for 2 pizzas at his local Papa John’s.One could now argue that While some may still be wondering what is Bitcoin, who created Bitcoin, or how does Bitcoin work, one thing is certain: Bitcoin has changed the world.No one can remain indifferent to this revolutionary, decentralized, digital asset nor to its blockchain technology.In fact, we’ve gone a long way ever since a Florida resident Laszlo Hanyecz made BTC’s first official commercial transaction with a real company by trading 10,000 Bitcoins for 2 pizzas at his local Papa John’s.One could now argue that Read this Term (BTC/USD) has broken its streak of some of the quietest trading in 2015, dropping sharply by as much as 5% to $225 on BTC-e.

After a brief retracement back above $235, it has once again turned lower, challenging 24 hour lows.

The unexpected drop sends BTC back below its 50-day moving average (MA), which it had recently surpassed due to a combination of its stability and the MA's catching up with a miserable start to the year.

The drop, at the very least, delays what could have been the start of a bottoming process. Prices have been slowly distancing themselves from the $210 support region, not broken since during the Volatility Volatility In finance, volatility refers to the amount of change in the rate of a financial instrument, such as commodities, currencies, or stocks, over a given time period. Essentially, volatility describes the nature of an instrument’s fluctuation; a highly volatile security equates to large fluctuations in price, and a low volatile security equates to timid fluctuations in price. Volatility is an important statistical indicator used by financial traders to assist them in developing trading systems. Trad In finance, volatility refers to the amount of change in the rate of a financial instrument, such as commodities, currencies, or stocks, over a given time period. Essentially, volatility describes the nature of an instrument’s fluctuation; a highly volatile security equates to large fluctuations in price, and a low volatile security equates to timid fluctuations in price. Volatility is an important statistical indicator used by financial traders to assist them in developing trading systems. Trad Read this Term in mid-January.

The future mid-term direction is once again unclear. Short-term traders may be content to just work within the tight trading range, while long-term investors will likely be waiting on the sidelines until they get a clearer idea of the next direction or find an attractive buying opportunity.

Volumes have been choppy, averaging less than 200 BTC/hour but with occasional spurts to above 500.

Prices on BTC-e are markedly lower than on its peers. At $226, they are 3% lower than those on Bitstamp and Bitfinex.