Bitcoin Trading- BTC/USD Technical Analysis, Sept 10: BTC jumps 3%

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 volumes have picked up slightly and the price just jumped by 3% in 3 hours, 5% in the last 12. BTC is now trading at $477 after coming off a high of $484.

The $460 mark is shaping up as a dependable short-term support level. Prices have not submerged below $459 since August 20, a period of lingering 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 following the flash crash on BTC-e. Since then, prices have been repelled by this level on multiple occasions.

However, there is equally formidable resistance from the top end. With the exception of a brief volume-induced spike heading into this past weekend, BTC is having a tough time climbing above $485 in the short term.

The combination of today's rise and the overall downward trend from the past 2 months places BTC back within 10.5% of its 200-day moving average- the closest it has gotten, percentage-wise, in two weeks.

The price gap between Bitstamp and BTC-e has found its way back to previous levels. BTC is now $7 (1.5%) higher on Bitstamp and other exchanges. Prices varied by as much as $9 (1.9%) as the market climbed during the past few hours. Earlier this week, their roles were uncharacteristically reversed as prices on Bitatamp were 0.5% lower for a lengthy stretch.