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 initially pulled back just a bit during the trading session on Wednesday but then turned around to show signs of strength yet again.
The Bitcoin market has broken out above the recent resistance to reach towards the $54,000 level.
The Bitcoin market initially fell during the trading session on Monday to kick off the week, but we continue to see people jumping into the market just above the $45,000 level.
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Bitcoin markets initially pulled back during the trading session on Friday to test the support that we had established a couple of days ago.
Bitcoin initially tried to rally during the trading session on Thursday but gave back the gains to slice through the $50,000 level again
The Bitcoin markets rallied significantly during the trading session on Wednesday to break above the $50,000 level.
The Bitcoin market rallied significantly during the trading session on Tuesday only to struggle at the $50,000 level again.
The Bitcoin market was very volatile during the Monday trading session, initially breaking down below the $45,000 level only to see buyers turn around and push this market higher.
Bitcoin markets fell rather significantly again during the trading session on Friday, which is not a huge surprise considering that we had formed a couple of shooting stars around the $50,000 level.
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A speculative test of willpower is brewing for traders.
The Bitcoin market initially tried to rally again during the trading session on Thursday but continue to see selling pressure just above the $50,000 level.
The Bitcoin market had rallied rather significantly during the course of the trading session on Wednesday to pop above the $50,000 level but has also turned around to show signs of weakness.
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Bitcoin has seen its value move by nearly 9000.00 USD in trading the past day as volatility is affected by anxious speculation.
Bitcoin markets got absolutely hammered during the trading session on Tuesday, as we continue to see massive amounts of volatility.
During the trading session on Monday, there were large sell orders that came into the marketplace to push prices down.