In a decentralized market like cryptocurrency, the price is determined by supply and demand. When there is more demand than supply, the price of a cryptocurrency goes up, and when there is more supply than demand, the price goes down.
Bitcoin is the first and most well-known cryptocurrency, and its price has been subject to volatility since its inception in 2009.
Analyzing charts is a key skill for anyone looking to invest in the cryptocurrency market. Explore some of the key things to look for when analyzing charts on the crypto market.