Reportedly, this is because Bitcoin has
similar trading movements to currencies in emerging markets.
Not exact matches
You can see in the volume chart from blockchain.info that the
trading volume for bitcoins has really increased - and if you look at the market price, you see a very
similar movement.
Getting an answer like «Price action is the
movement of price over time» or
similar, leaves many beginning traders still feeling like they don't quite understand exactly what price action is or how to
trade with it.
In a
similar way, there are many currency pairs that are actively
traded all across the globe and it is the
movement of the price of these currency pairs that constitute the trigger for currency
trading.