--- title: Bitcoin Blog | Bitcoin Trading | itBit | Bobby Cho description: itBit Trading Blog offers bitcoin trading research and price analysis to help traders make informed decisions. --- [![itBit](https://insights.paxos.com/hubfs/itBit-Careers-Square.svg)](https://www.itbit.com/) [![itBit](https://insights.paxos.com/hubfs/itBit-Careers-Long.svg)](https://www.itbit.com/) [OPEN TRADING ACCOUNT](https://exchange.itbit.com/signup) [SUPPORT](https://www.itbit.com/contactus) [LOGIN](https://exchange.itbit.com/login) - [Exchange](https://www.itbit.com/exchange) - [OTC Trading](https://www.itbit.com/otc) - [Market Data](https://exchange.itbit.com/markets) - [Blog](https://www.itbit.com/blog) - [Exchange](https://www.itbit.com/exchange) - [OTC Trading](https://www.itbit.com/otc) - [Market Data](https://exchange.itbit.com/markets) - [Blog](https://www.itbit.com/blog) # [ITBIT NEWS & BLOG](https://www.itbit.com/blog) ![](https://insights.paxos.com/hs-fs/hub/424565/file-1989822789.jpg) #### Bobby Cho ## [itBit Bitcoin OTC Market Update: March 2016 \[Infographic\]](https://insights.paxos.com/blog/itbit-bitcoin-otc-market-update-march-2016) April 14, 2016 at 12:00 PM | [Bobby Cho](https://insights.paxos.com/blog/author/bobby-cho) The bitcoin market was quiet in March and the month proved to be a slow one for our OTC trading desk. Lack of market volatility contributed to low trading volumes as many traders sat on the sidelines in search of reliable indicators as to which way the price was headed. [**READ MORE**](https://insights.paxos.com/blog/itbit-bitcoin-otc-market-update-march-2016) [![](https://insights.paxos.com/hubfs/_itBit_OTC/BLOG-itBit-Bitcoin-OTC-Market-Update-March-2016.png)](https://insights.paxos.com/blog/itbit-bitcoin-otc-market-update-march-2016) ## [itBit Bitcoin OTC Market Update: February 2016](https://insights.paxos.com/blog/itbit-bitcoin-otc-market-update-february-2016) March 3, 2016 at 2:46 PM | [Bobby Cho](https://insights.paxos.com/blog/author/bobby-cho) February proved to be the biggest trading month to date for our bitcoin OTC trading desk. Trading volume increased 211% month-over-month as sellers continued to flood the market. This influx of sellers resulted in deeper transactional price execution discounts and presented an opportunity for the... [**READ MORE**](https://insights.paxos.com/blog/itbit-bitcoin-otc-market-update-february-2016) [![](https://insights.paxos.com/hubfs/_itBit_OTC/BLOG-itBit-Bitcoin-OTC-Market-Update-February-2106.png)](https://insights.paxos.com/blog/itbit-bitcoin-otc-market-update-february-2016) ## [Lifting the Offer: Bitcoin trading the week of February 8, 2016](https://insights.paxos.com/blog/lifting-the-offer-bitcoin-trading-the-week-of-february-8-2016) February 8, 2016 at 4:00 PM | [Bobby Cho](https://insights.paxos.com/blog/author/bobby-cho) The price of bitcoin closed unchanged week-over-week but not without a flurry of mid-week activity. The price shot down to $366 on Wednesday ([hitting our projected short-term support](https://www.itbit.com/blog/lifting-the-offer-bitcoin-trading-the-week-of-february-1-2016)) then bounced up to $390 Thursday before closing the week in the mid-$370 range. Traders are expecting a slow week... [**READ MORE**](https://insights.paxos.com/blog/lifting-the-offer-bitcoin-trading-the-week-of-february-8-2016) [![](https://insights.paxos.com/hubfs/_itBit_LTO/Lifting-the-Offer-Week-of-2.8.2016.png)](https://insights.paxos.com/blog/lifting-the-offer-bitcoin-trading-the-week-of-february-8-2016) ## [itBit Bitcoin OTC Market Update: January 2016](https://insights.paxos.com/blog/itbit-bitcoin-otc-market-update-january-2016) February 4, 2016 at 12:00 PM | [Bobby Cho](https://insights.paxos.com/blog/author/bobby-cho) Our bitcoin OTC data from January shows several interesting macro trends related to market participant positioning. Trades made in early-January saw buyers place long-term foundational bets on the price of bitcoin. These trades were executed with positive December price movement and the Q4 bull... [**READ MORE**](https://insights.paxos.com/blog/itbit-bitcoin-otc-market-update-january-2016) [![](https://insights.paxos.com/hubfs/_itBit_OTC/itBit-Bitcoin-OTC-Market-Update-Janaury-2016.png)](https://insights.paxos.com/blog/itbit-bitcoin-otc-market-update-january-2016) ## [Lifting the Offer: Bitcoin trading the week of February 1, 2016](https://insights.paxos.com/blog/lifting-the-offer-bitcoin-trading-the-week-of-february-1-2016) February 1, 2016 at 1:00 PM | [Bobby Cho](https://insights.paxos.com/blog/author/bobby-cho) The price of bitcoin fell nearly 6% last week with bitcoin exchange pricing heavily influenced by OTC activity. OTC sellers took deeper than normal discounts as buyers priced-in potential near-term sell offs (learn more in our next [Bitcoin OTC Market Update](https://www.itbit.com/blog/topic/bitcoin-otc-market-updates) out Thursday). [**READ MORE**](https://insights.paxos.com/blog/lifting-the-offer-bitcoin-trading-the-week-of-february-1-2016) [![](https://insights.paxos.com/hubfs/_itBit_LTO/Lifting-the-Offer-Week-of-2.1.2016.png)](https://insights.paxos.com/blog/lifting-the-offer-bitcoin-trading-the-week-of-february-1-2016) ## [Lifting the Offer: Bitcoin trading the week of January 25, 2016](https://insights.paxos.com/blog/lifting-the-offer-bitcoin-trading-the-week-of-january-25-2016) January 26, 2016 at 4:00 PM | [Bobby Cho](https://insights.paxos.com/blog/author/bobby-cho) Bitcoin traders have been navigating choppy waters thus far in 2016. Over the past week, the market hit a high of $423.50 and low of $374.50, presenting traders with a nice opportunity to lock in fresh profits in the short-term. Traders should look for even more volatility in the week ahead. [**READ MORE**](https://insights.paxos.com/blog/lifting-the-offer-bitcoin-trading-the-week-of-january-25-2016) [![](https://insights.paxos.com/hubfs/_itBit_LTO/Lifting-the-Offer-Week-of-1.25.2016-2.png)](https://insights.paxos.com/blog/lifting-the-offer-bitcoin-trading-the-week-of-january-25-2016) ## [Lifting the Offer: Bitcoin trading the week of January 11, 2016](https://insights.paxos.com/blog/lifting-the-offer-bitcoin-trading-the-week-of-january-11-2016) January 11, 2016 at 5:00 PM | [Bobby Cho](https://insights.paxos.com/blog/author/bobby-cho) The bitcoin market had a strong week with prices spiking from $426 to peak around $464 mid-week before closing in the high-$440s. This week, the market will look to consolidate above the new support level of $440. [**READ MORE**](https://insights.paxos.com/blog/lifting-the-offer-bitcoin-trading-the-week-of-january-11-2016) [![](https://insights.paxos.com/hubfs/_itBit_LTO/Lifting-the-Offer-Week-of-1.11.2016.png)](https://insights.paxos.com/blog/lifting-the-offer-bitcoin-trading-the-week-of-january-11-2016) ## [itBit Bitcoin OTC Market Update: December 2015](https://insights.paxos.com/blog/itbit-bitcoin-otc-market-update-december-2015) January 7, 2016 at 4:00 PM | [Bobby Cho](https://insights.paxos.com/blog/author/bobby-cho) itBit’s OTC trading volume fell 19% month-over-month in December due to the annual end-of-year slowdown within the trading world. During this same period, exchanges tracked within the [XBX Index](https://tradeblock.com/markets/index/) posted a 27% decline in trading volume. [**READ MORE**](https://insights.paxos.com/blog/itbit-bitcoin-otc-market-update-december-2015) [![](https://insights.paxos.com/hubfs/_itBit_OTC/Blog-December-2015-itBit-Bitcoin-OTC-Market-Update.png)](https://insights.paxos.com/blog/itbit-bitcoin-otc-market-update-december-2015) ## [Lifting the Offer: Bitcoin trading the week of January 4, 2016](https://insights.paxos.com/blog/lifting-the-offer-bitcoin-trading-the-week-of-january-4-2016) January 4, 2016 at 12:00 PM | [Bobby Cho](https://insights.paxos.com/blog/author/bobby-cho) The bitcoin market was relatively quiet over the last week with volumes and volatility sitting at lower levels. With many traders starting the year with only dry powder and little in the way of long positions, the market may swing higher this week and could continue to edge up throughout the month. [**READ MORE**](https://insights.paxos.com/blog/lifting-the-offer-bitcoin-trading-the-week-of-january-4-2016) [![](https://insights.paxos.com/hubfs/_itBit_LTO/Lifting-the-Offer-Week-of-1.4.2016.png)](https://insights.paxos.com/blog/lifting-the-offer-bitcoin-trading-the-week-of-january-4-2016) ## [Lifting the Offer: Bitcoin trading the week of December 21, 2015](https://insights.paxos.com/blog/lifting-the-offer-bitcoin-trading-the-week-of-december-21-2015) December 21, 2015 at 4:46 PM | [Bobby Cho](https://insights.paxos.com/blog/author/bobby-cho) The bitcoin market started the week hot, shooting up 5% between Monday and Tuesday. Ultimately, the early gains were erased and the price closed the week in the red. Traders should anticipate higher volumes early this week with volatility tempering down as the Christmas holiday slows market... 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All Rights Reserved. NMLS #1766787 Crypto asset trading involves a high degree of risk. The crypto asset market is new and unproven and may not grow. Currently, there is relatively small use of crypto assets in the retail and commercial marketplace in comparison to relatively large use by speculators, thus contributing to price volatility that could adversely affect an investment in crypto assets. In order to participate in the trading of crypto assets, you should be capable of evaluating the merits and risks of the investment and be able to bear the economic risk of losing your entire investment. No material at this site should be considered as an offer by itBit to sell or solicitation by itBit of any offer to buy bitcoin or other crypto assets.