$BTC To make decisions in BTC trading, technical and fundamental analysis are used.
Technical analysis is the study of price and volume data based on past market performance to forecast future price changes. It utilizes chart patterns (for example, 'head and shoulders' – indicates a trend reversal) and candlestick analysis (shows the opening, closing, maximum, and minimum price over a specific period of time).
Fundamental analysis is the study of factors that may affect the long-term viability and value of cryptocurrency. It considers the project's purpose, the development team, adoption and community, tokenomics, and the regulatory environment.