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 markets rallied again during the trading session on Tuesday to reach towards the $60,000 level.
BTC/USD proved it has the ability to continue breaking record values in March and the month of April is ready to get kicked off as the value of the cryptocurrency is still strong.
Bitcoin markets have rallied quite significantly during the trading session on Monday as traders came back to work.
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The Bitcoin market dropped a bit during the trading session on Friday, only to turn around and bounce from the $50,000 level.
Bitcoin markets fell during the trading session on Thursday to reach all the way down towards the $50,000 level.
Bitcoin initially pulled back just a bit to test the support level underneath, and then turned around to show signs of strength yet again.
Bitcoin markets have initially fallen during the trading session on Tuesday but turned around to form a bit of a hammer.
The Bitcoin market has gone back and forth during the course of the trading session on Monday, to lose roughly 2% by the end of the session.
Bitcoin markets initially pulled back during the trading session on Friday but then shot higher as markets continue to look at cryptocurrencies as a way to get away from fiat currencies.
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Bitcoin markets rose again during the trading session on Thursday as we try to take out the $60,000 level.
Bitcoin has advanced from the $55,000 level since Wednesday's session to reach the former key resistance level at $57,223.
The Bitcoin market fell during the trading session on Tuesday to break down below the lows of the last couple of days.
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Bitcoin markets have been all over the place breaking well above the $60,000 level only to turn things around and show signs of exhaustion.
The Bitcoin market initially pulled back during the course of the trading session on Friday, but just as we had seen during the day on Thursday, buyers came in to turn things right back around and show strength.
The bitcoin market initially fell significantly during the trading session on Thursday, but as you can see has turned around to show signs of strength again.