5 Easy ways to track Bitcoin Prices Daily

This guide helps you with tools to track Bitcoin prices daily. Bitcoin price fluctuations are a fascination, with stories of overnight gains and market corrections grabbing headlines. But for those interested in Bitcoin, staying informed about its daily price movements is crucial.

Why track Bitcoin Prices? 

Monitoring Bitcoin prices offers several advantages:

• Informed Investment Decisions: Understanding price trends helps you make informed decisions about buying, selling, or holding Bitcoin.
• Gauging Market Sentiment: Daily price movements can reflect market sentiment towards Bitcoin, allowing you to anticipate potential shifts.
• Identifying Trading Opportunities: Tracking prices helps you spot potential trading opportunities based on technical analysis or personal investment strategies.
• Staying Ahead of the Curve: Regular price monitoring keeps you updated on the ever-changing Bitcoin landscape.

Top Tools to track Bitcoin Prices

Several reliable resources offer real-time and historical Bitcoin price data:

• Cryptocurrency Exchanges: Major cryptocurrency exchanges like crypto.com, Binance, and Kraken display live Bitcoin prices alongside trading charts and market data. These platforms offer a convenient one-stop shop for price tracking and potential trading activities.
• Financial News Websites: Renowned financial news websites like Bloomberg, Reuters, and CNBC often feature dedicated cryptocurrency sections that display real-time Bitcoin prices alongside relevant news and analysis.
• Cryptocurrency Price Tracking Apps: Mobile applications like CoinMarketCap, Blockfolio, and Delta provide real-time price updates for Bitcoin and other cryptocurrencies. These user-friendly apps allow you to customize watchlists and receive price alerts.
• Dedicated Bitcoin Price Websites: Websites like CoinGecko and Bitcoin Price Index focus solely on Bitcoin, offering detailed price charts, historical data, and market analysis. These resources cater specifically to Bitcoin enthusiasts seeking in-depth information.

Choosing the Right Tool to track Bitcoin Prices 

The best tool for tracking Bitcoin prices depends on your individual needs and preferences. Here’s a breakdown to help you choose:

• For Beginners: Cryptocurrency exchanges or mobile apps offer user-friendly interfaces and real-time price updates, making them ideal for beginners.
• For Active Traders: Financial news websites provide real-time prices along with relevant news and analysis, valuable for making informed trading decisions.
• For In-Depth Analysis: Dedicated Bitcoin price websites offer detailed historical data and market analysis, ideal for those seeking a deeper understanding of Bitcoin price movements.

Setting Up Daily Price Alerts

Most price tracking tools allow you to set up daily price alerts. This feature ensures you stay informed about significant Bitcoin price movements, even when you’re not actively monitoring the market. Here’s how to set up price alerts:

1. Choose your preferred price tracking tool (refer to the section above).
2. Locate the Bitcoin price chart/dashboard.
3. Look for the “Alert” or “Notifications” section.
4. Select the desired price point for your alert (e.g., receive an alert if the price goes above $65,000 or falls below $60,000).
5. Choose your preferred notification method (e.g., email, SMS, or a pop-up notification within the app).
6. Save your settings, and you’re all set!

Going Beyond the Bitcoin Price: 

While price is a key metric, consider these additional factors for a comprehensive understanding of the Bitcoin market:

• Trading Volume: Daily trading volume reflects the amount of Bitcoin being bought and sold. High volume indicates increased market activity, potentially impacting price movements.
• Market Capitalization: Market capitalization refers to the total value of all Bitcoins in circulation. It provides insight into the overall size and health of the Bitcoin market.
• News and Events: Stay informed about major news and events surrounding Bitcoin. Positive news can drive prices up, while negative news can trigger sell-offs.
• Technical Analysis: Technical analysis involves studying historical price charts and trading patterns to identify potential future trends. While not foolproof, this method can help you make more informed investment decisions.