The value of the Bitcoin (Symbol: XBT or BTC) fluctuates constantly and Bitcoin technical analysis is required in order to know when to buy and sell this currency. Several online currency exchanges are available where one can exchange dollars and other currencies for Bitcoins. .
The traders at DailyForex monitor the Bitcoin markets on an ongoing basis and provide you with Bitcoin forecasts (Mostly XBT/USD) that show you how to profit from this unique currency. Watch the gyrations of the Bitcoin based on Bitcoin technical analysis, global availability and government regulation in the Bitcoin market analysis below.
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The BTC/USD has been somewhat positive during the trading session on Thursday, as $18,000 level continues to be very important for the longer-term trend.
Bitcoin markets rallied a bit during the trading session on Wednesday as we continue to look at the $18,000 level is a significant support area.
The Bitcoin market has broken significantly during the trading session on Monday but then turned around to form a bit of a hammer.
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The BTC/USD has fallen a bit during the trading session on Thursday as we continue to flirt with the $20,000 level and try to figure out where we are going next.
The BTC/USD did almost nothing during the day on Wednesday as we continue to see a lot of noisy behavior overall.
The BTC/USD fell rather hard during the trading session on Tuesday as the US dollar took off.
The BTC/USD market has rallied rather significantly during the trading session on Friday as the US dollar gets hammered.
The BTC/USD has fallen a bit during the trading session on Thursday as we continue to see plenty of negativity.
The BTC/USD has rallied ever so slightly during the trading session on Wednesday but we still see a lot of negativity and it certainly looks as if Bitcoin is threatening a major breakdown.
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The BTC/USD has broken down to test the $1900 level, and it looks as if we are going to continue to see Bitcoin fall apart.
The BTC/USD market has fallen a bit during the trading session on Monday, as we continue to see this market threaten to break down below a support level.
The BTC/USD continues to struggle to gain any real traction.
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The BTC/USD continues to drop a bit as the market continues to see a lot of negativity.
The BTC/USD has rallied slightly during the Wednesday session as we continue to go sideways around the $20,000 level.
The BTC/USD has fallen a bit during the trading session on Tuesday, losing over 3%.