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 initially tried to rally on Tuesday but gave back the gains rather quickly as the US dollar had gained quite drastically.
Bitcoin fell a little bit during the course of the trading session on Monday to reach down towards the $46,000 level.
Bitcoin markets turned around right away on Friday to wipe out the losses from Thursday, as cryptocurrency markets continue to get a bit overdone.
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The Bitcoin market has pulled back a bit during the trading session on Thursday as we may have gotten a bit ahead of ourselves.
Bitcoin is a market that is starting to run away with the bullish momentum, but at this point it is only a matter of waiting for an opportunity to get long.
The Bitcoin market rallied again during the trading session on Tuesday but gave back early gains to form a bit of a shooting star.
It appears that Bitcoin traders believe that the US Congress will not do anything to stymie the DeFi part of the crypto currency markets, which had been feared over the weekend.
Bitcoin had a strong session on Friday, clearing the $42,000 level and finally putting to bed questions as to whether or not it can break out of this consolidation area.
Bitcoin has had a rather choppy and volatile session on Thursday, as we initially reach down towards the 50 day EMA only to find buyers in that area.
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Bitcoin rallied again during the trading session on Wednesday as the market continues to look at the $40,000 level as a major barrier above.
The Bitcoin market initially tried to rally during the session on Tuesday but gave back the gains to show the $40,000 level as resistance yet again.
The Bitcoin market initially rallied significantly during the trading session on Monday, as the weekend trading was rather bullish.
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Sign up to get the latest market updates and free signals directly to your inbox.The Bitcoin markets fell a bit during the trading session on Friday, partially helped by the Deribit $21 billion worth of options expiring.
Bitcoin traders should expect another month of surprises.
The bitcoin markets have rallied ever so slightly to kick off the trading session on Thursday but gave back a bit of the gains in order to show signs of exhaustion.