Bitcoin Trading Flat, Forming Support Around $910

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) fell slightly on Thursday, clinging tightly to the $920 on MtGox level for close to 24 hours. This follows after volatile trading earlier in the week that witnessed swings in BTC as high as 10%.

Considering the flattest activity seen in days, volumes are unexpectedly higher than , averaging close to 250 BTC per hour. A return toward moderate volume levels under such flat conditions may be further indication of BTC mid-term fundamental stability in the low 900's. Such a theory, however, is best supported if BTC repeats this behavior following future swings.

Thus far today, there haven't been any newsworthy developments, even of the lighter variety, as the in New York are complete with no surprise items.

More noteworthy is BTC starting to form some support around the $910 level, albeit of the weaker variety. During the current pattern of stabilization, BTC has refused to dip below $910 even during sudden drops motivated by short demand, but hasn't traded near the level long enough to establish a foundation.

On BTC-e and Bitstamp, BTC is trading in the $780 range, slightly narrowing its spread with MtGox to $140 as anomalies from prior Volatility Volatility In finance, volatility refers to the amount of change in the rate of a financial instrument, such as commodities, currencies, 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. Traders In finance, volatility refers to the amount of change in the rate of a financial instrument, such as commodities, currencies, 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. Traders Read this Term continue to wear off.