Here is today's Bitcoin price analysis ¹:
Last Price: $63,493
Daily High: $65,069
Daily Low: $63,378
Bitcoin Price Analysis: Bitcoin charts usually present the progress of the price using Japanese candlesticks. Each candle represents a specific time-frame (which depends on the chart) and is showing the open, close, and price range during that time-frame.
What affects the price of Bitcoin? Just like any other traded asset, the Bitcoin price is affected by supply and demand. However, the occurrence of certain global fundamental events could have a relation to the value of Bitcoin. For example, in 2016, India's banknote demonetization had a positive effect on Bitcoin. In India, the price of the cryptocurrency was trading 20% higher than the rest of the world.
