To analyze Bitcoin, fundamental analysis and technical analysis can be done: fundamental analysisBitcoin and other assets cannot be valued based on future cash flows. The purpose of fundamental analysis for Bitcoin is to determine where the price of the asset is headed.technical analysisTechnical analysis uses the concept of price patterns from the past and technical indicators to analyze charts and predict future movements in price. It can be applied to any market, including cryptocurrencies like Bitcoin (BTC).Bitcoin is a payment that uses virtual currency instead of fiat or physical currency. It uses blockchain to keep transaction information inaccessible to centralized third parties. Cryptocurrency prices are extremely volatile. Trading in financial instruments and/or cryptocurrencies involves high risk. It may not be suitable for all investors.