$BTC Bitcoin is one such well-known cryptocurrency. To invest in it, you need to understand the technical analysis behind Bitcoin. After all, without technical analysis, trading cryptocurrencies becomes a dangerous guessing game!

This blog is a bit technical, but it is meant to help beginners understand the basics of Bitcoin and how technical analysis can help them make informed investment decisions. If you want to be a successful investor in cryptocurrencies, then this blog is a great starting point.

Why Should Beginners Begin with Bitcoin?

If you are new to the world of blockchain and cryptocurrency, it can get overwhelming to filter out reliable cryptocurrencies from unreliable ones.

Several cryptocurrencies, popularly dubbed "meme coins", like Dogecoin, Shiba Inu and Poocoin, have popped up in recent times and have cost rookie investors a large chunk of their investments.

On the other hand, Bitcoin is a much safer (if not the safest) cryptocurrency to invest in. It is the first deflationary crypto token to come into existence and has recently reached an all-time high (ATH) of over USD 65,000 per Bitcoin! Here are some more reasons to trust Bitcoin:

1. Most decentralised cryptocurrency

2. Deflationary token

3. Publically available whitepaper

4. Proof of Work (PoW) mechanism

5. Crystal clear tokenomics