Cointelegraph announces the release of our brand new Bitcoin Price Index - a comprehensive tool for tracking Bitcoin price changes and historical data, analyzing the market and making trading decisions.
It is an easy way to track Bitcoin exchange rates and keep an eye on the value of Bitcoin.
The index was developed in co-operation with BitcoinChain.com, a “one-stop shop” which has been providing general information on the cryptocurrency industry and quality tools for Bitcoin analytics since 2013.
What is Cointelegraph’s Bitcoin Price Index?
As such, the CT’s Price Index is aimed at delivering all the latest essential Bitcoin data in an efficient, yet accessible form.
Our index offers the most popular features required by the general audience and, at the same time, covers the needs of the more demanding groups, such as traders and market analysts.
Aggregated Bitcoin price ticker
Aggregated Bitcoin price ticker is available in 5 currencies: EUR, USD, GBP, CNY and RUB.
The index aggregates data from multiple leading cryptocurrency exchanges: OKCoin, Kraken, Bitfinex, Coinbase, Bitstamp, CEX.IO, HitBTC, Btc-E, Gemini and itBit.
The price is displayed as the average weighted by trading volume, which is calculated by taking the sum of all the prices, multiplied by the volume of the trade and then divided by the entire volume:
Bitcoin price graphs
Our tool can display actual and historical data from each one of the exchanges mentioned above, going as far back as a year ago.
The price graphs can be displayed in any of the 5 supported currencies, within adjustable time periods.
One of the main advantages of the graph tool is the option to display either line or candle graphs, depending on your own personal needs.
Bitcoin market analysis
There is now an option to use tools for technical analysis right on the graph.
Graphical tools:
Horizontal lines for marking different levels of the price. The trend line and channel variations for determining the levels of trend breaks.
There is also an option to add Fibonacci levels for determining the targets of either corrections or impulses.
Indicators:
Users can now use moving averages in order to determine the scale of the trend. Bollinger bands can be used for determining volatility.
In a separate window the traders can enjoy some of the most necessary analysis tools, such as MACD, stochastic and RSI for determining the scale of the price movement.
Moving averages have also been added for conveniently determining trading volumes.