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 rallied a bit to kick off the trading session on Monday, but also gave back all of this gains to show a slightly negative attitude.
The Bitcoin market saw bullish pressure during the trading session on Friday to end the week, as the jobs number came out at just 266,000 jobs added for the month of April, much lower than the consensus of 1 million.
The bitcoin markets initially tried to rally during the course of the trading session on Thursday but then gave back the gains to show signs of exhaustion.
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The Bitcoin market initially pulled back towards the 50-day EMA underneath, as we have seen a proclivity of this market to respect it.
The Bitcoin market fell during the trading session on Tuesday day to reach down towards the 50-day EMA, the most common indicator that a lot of trend traders use in the Bitcoin market.
Bitcoin went back and forth during the trading session on Monday as traders continue to push this market higher.
The Bitcoin market bounced rather hard during the trading session on Friday as the 50-day EMA has offered support.
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The bitcoin market initially tried to rally during the training session on Thursday but has fallen again after we ended up forming a bit of a shooting star for the previous session.
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Bitcoin markets went back and forth during the trading session on Wednesday as we saw plenty of volatility awaiting the Federal Reserve decision.
The Bitcoin market has broken significantly during the trading session on Tuesday again to clear the 50-day EMA.
Bitcoin markets have initially fallen during the trading session on Monday to shrink below the $50,000 level.
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Sign up to get the latest market updates and free signals directly to your inbox.Bitcoin markets have taken a bit of a beating recently, dropping over 20%.
The bitcoin markets have fallen a bit to reach down towards the 50 day EMA again on Thursday, but also continues to see plenty of support underneath to turn things right back around.
The Bitcoin market initially fell during the trading session on Wednesday, reaching down below the 50-day EMA yet again.