Bitcoin is currently the most liquid and valuable cryptocurrency in the world. With this in mind, a retail investor can ponder how to invest Bitcoin in India and how to do this successfully. Investing, no matter where you live and trade, means buying low and selling high. Investing usually implies a long-term strategy: a retail investor or an institutional one buys an asset expecting that its value will increase in the long run. When the price of the asset reaches a high level, the investor will sell it and earn a profit.
How to figure out when the price of the cryptocurrency will start rising? It is hard to predict exactly what the price will be, but some practical tools can help traders to analyze trends and forecast price movements. These instruments include fundamental and technical analyses.
Fundamental analysis is based on the events from a country's economic and political life. If we apply this to the crypto industry, we should keep an eye on how the cryptocurrency market is doing. Take into account whether online and offline businesses are accepting the cryptocurrency more eagerly, how the technology behind a specific project is developing, if governments are becoming more loyal to cryptocurrency etc. Some analysts believe that Bitcoin is correlated to traditional markets, like the stock market or the commodity market. Their opponents assert that the world's top digital asset is not correlated to anything. Notwithstanding the opposite perspectives, it may be a good idea to keep track of traditional markets when you monitor how Bitcoin behaves. To make it easier for you to follow the industry-related events and news, we have integrated a crypto calendar into our platform. The newsfeed and the economic calendar are available on IQ Option.
Technical analysis helps traders forecast the price of an asset based on its historical price data and trends. IQ Option offers more than 100 technical indicators that can assist you in predicting the price direction. Watch our video tutorials and read the articles in our official blog
to learn how to apply the available trading indicators.