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 Bitcoin market continues to see a lot of confusion as the Wednesday session has shown a turnaround at the 50 Day EMA.
Bitcoin has rallied a bit during the trading session on Tuesday to reach the $41,250 level.
Bitcoin has fallen a bit during the trading session on Monday to break below the $39,000 level initially.
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Bitcoin did very little on Friday as liquidity was very thin during the Good Friday holiday.
Bitcoin has pulled back a bit during the trading session on Thursday to reach the $40,000 level again.
Bitcoin markets rallied on Wednesday as the $40,000 level has offered a significant amount of support.
The Bitcoin market did very little on Tuesday after selling off quite drastically on Monday.
The Bitcoin market broke down significantly on Monday as we kicked off the week on the wrong foot.
Bitcoin initially fell a bit on Friday to test the 50-day EMA, only to turn around and show signs of life.
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The Bitcoin market fell initially during trading on Thursday to reach the $43,600 level.
The Bitcoin market broke down significantly on Wednesday to slice through the 200-day EMA.
Bitcoin went back and forth on Tuesday as we continue to churn just below the $46,000 level.
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The Bitcoin market has rallied a bit during the Monday session to show signs of a push to the upside, but we have also seen the market give up all of those gains to form a relatively negative candlestick.
The Bitcoin market has fallen a bit on Friday to pierce the $45,000 level, and then test the 200-day EMA.
Bitcoin has pulled back a bit during the trading session on Thursday as we have gotten a bit overextended.