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When is the opening price of Bitcoin (Bitcoin opening and closing prices)

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When is the opening price of Bitcoin? According to CryptoGlobe, when is the open

When is the opening price of Bitcoin (Bitcoin opening and closing prices)

When is the opening price of Bitcoin? According to CryptoGlobe, when is the opening price of Bitcoin? According to CoinMarketCap data, the average price of BTC from November 1, 2017 to mid-December 2017 was $29,000. In the first three months of 2018, due to low trading volume and high network usage, the price of Bitcoin dropped from $38,000 to a low of around $17,700, but it has since risen by nearly 70% over time. Currently, Bitcoin has reached a peak of $20,000 and there is still 100 days until the historical high point.

Bitcoin opening and closing prices

Coindesk introduces the opening and closing prices of Bitcoin. Last weekend, the highest price of Bitcoin was $10,000. But today, the price of BTC has exceeded $20,000. This means traders can sell their positions at prices 10% higher than the current market.

Although people often confuse the opening price with the closing price, based on historical experience, if there is a deviation (or lower) at the opening, it may result in some losses, so they may reevaluate the price. But even in the recent weeks, this situation has often occurred, for example, on May 3, 2018. When a new buyer pays someone unknown and hopes to start selling after others pay, the price will drop rapidly. However, historically, this number is not accurate. As mentioned before: if the Bitcoin price falls to a point around or below $200, traders will not be able to profit; conversely, if there is not enough trading volume, traders can take advantage of this opportunity to close their positions, or even cash out on the exchange. On the other hand, if the bulls suddenly sell all the money in hand, investors will also face huge risks – especially if a large amount of capital is in a loss state, any uncertain market will experience volatility.”

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