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 has finally broken higher during the trading session on Monday, to break well above the $51,000 level.
Bitcoin initially pulled back on Friday but then turned around to show signs of strength again as it took out the $50,000 level.
The Bitcoin market has rallied a bit during the course of the trading session on Friday only to turn around and form a less than impulsive candlestick.
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The Bitcoin market rallied yet again on Wednesday as we continue to undulate back and forth in the same consolidation area just below the $50K level.
The Bitcoin market pulled back just a bit on Tuesday as the $50,000 level continues to be a headache for the market.
Bitcoin markets fluctuated on Monday as traders came back from a relatively quiet weekend.
BTC/USD has enjoyed a fruitful August of positive results as the cryptocurrency essentially gained another solid percentage ratio.
The Bitcoin market rallied a bit on Friday as we continue to build up a little bit of momentum in order to spring through the $50,000 level.
The Bitcoin market initially tried to rally and recapture the $50,000 level on Thursday, but at the time of writing we had reached as low as $47,000.
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The Bitcoin market initially drifted a little bit lower on Wednesday but found a little bit of buying pressure underneath to form a hammer.
Bitcoin broke above the $50,000 level on Monday but then pulled back to form a bit of a shooting star.
Bitcoin rallied yet again on Friday as we continue to see markets find plenty of buyers on dips.
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Bitcoin markets have rallied during the trading session on Thursday as we continue to look for some type of upward momentum to take on.
No cryptocurrency trader should ever be surprised by the ability of Bitcoin to move a thousand dollars without a moment’s notice.
The bitcoin market has rallied ever so slightly during the trading session on Wednesday, as we are hanging around the $45,600 level.