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 went back and forth on Wednesday to challenge the $30,000 level.
The Bitcoin market fell significantly on Tuesday but found enough psychological and structural support near the $30,000 level to bounce a bit.
Bitcoin got eviscerated on Monday to break down below the $32,000 level.
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Bitcoin fell a bit on Friday to show signs of weakness but also turned around as the US dollar calmed down quite a bit.
The Bitcoin market has broken down significantly during the trading session on Thursday to show signs of massive resistance at the $40,000 level.
Bitcoin markets bounce a bit during the trading session on Wednesday as we are awaiting the FOMC statement.
The BTC/USD pair rose after the Fed raised its interest rates. The pair rose to a high of 40,000, which was the highest level since April 29th.
The Bitcoin market initially tried to rally on Tuesday but gave up gains to form a little bit of an inverted hammer.
The Bitcoin market initially fell on Monday but found enough support to stabilize near the $30,500 level.
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Bitcoin pulled back from the $40,000 level, an area that continues to be a major indicator of confusion, as we are bouncing around in the same vicinity.
Bitcoin has rallied ever so slightly during the trading session on Thursday to gravitate near the $40,000 level.
Bitcoin initially tried to rally on Tuesday but gave back gains to show signs of hesitation again.
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Sign up to get the latest market updates and free signals directly to your inbox.Bitcoin fell a bit on Monday to break down and reach the $30,250 level.
The Bitcoin market fell a bit on Friday to show signs of negativity.
Bitcoin initially tried to rally during the trading session on Thursday but seems to have given back early gains to show signs of hesitation at the 50 Day EMA.