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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Bitcoin rallied a bit on Tuesday as we continue to see a lot of noisy behavior.
Bitcoin tried to rally on Monday but had to give up the gains and then broke to the $20,000 level.
The Bitcoin market tried to rally on Friday but gave back gains rather quickly.
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The Bitcoin market has fallen during the trading session on Thursday as it looks like we are ready to test the $20,000 level again.
Bitcoin pulled back just a bit on Wednesday but found a bit of support all the way down at the $20,000 level. Congratulations.
The Bitcoin market went back and forth on Tuesday as we continue to see negativity, but eventually, the market needs to take a bit of a breath.
Bitcoin has finally chewed through the support level that we had been sitting on for a couple of weeks, showing that Bitcoin has nowhere to go but lower.
Bitcoin fell a bit Friday as we continue to see the US dollar strengthen overall.
Bitcoin initially tried to rally on Thursday but gave up what minuscule gains it happened to come up with.
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Bitcoin fell a bit on Wednesday again as we see the $30,000 level act as a bit of a magnet for price.
The Bitcoin market pulled back during the session on Tuesday to reach the $30,000 level yet again.
Bitcoin markets have rallied a bit on Monday as the $30,000 level has offered a reasonable amount of support.
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The West Texas Intermediate Crude Oil market pulled back just a bit on Monday to start off the week on the back foot.
The Bitcoin market fell a bit on Friday as we continue to see bearish pressure.
Bitcoin had a very quiet trading session on Thursday as we continue to hang around the $30,000 level.