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 markets have rallied a bit during the trading session on Monday to kick off the week, testing the 50 day EMA.
Bitcoin markets initially tried to rally during the trading session on Thursday but continue to find the $11,000 level to be a bit too much to overcome.
The Bitcoin market initially tried to rally during the trading session on Wednesday, but as you can see the $11,000 level continues to cause a lot of headaches for buyers.
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The Bitcoin market continues to oscillate in a relatively tight range, using the $11,000 level as resistance.
The Bitcoin market has rallied a bit during the trading session on Thursday, reaching above the 50 day EMA.
The Bitcoin market has fallen a bit during the trading session as we continue to see a lot of negativity.
The bitcoin market has dipped slightly during the trading session on Tuesday, as we continue to see a lot of confusion.
BTC/USD: $10k area may still be supportive
Bitcoin initially tried to rally during the trading session on Monday, but then gave back the gains as there was so much strength in the US dollar.
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Bitcoin markets have fallen a bit during the trading session on Friday, as we try to get above the $11,000 level.
The Bitcoin market has been bullish during the trading session on Wednesday, as the Federal Reserve continues to keep its monetary policy very loose.
Bitcoin traders trying to break towards the $11,000 level on Tuesday but have given back the gains to form a less than inspiring shooting star.
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Sign up to get the latest market updates and free signals directly to your inbox.The Bitcoin market initially dipped below the $10,000 level during the trading session on Wednesday but has recovered enough to show signs of strength again.
The Bitcoin market fell rather hard during the trading session on Monday as traders came back from the weekend, but you should keep in mind that it was also Labor Day in the United States, so a significant portion of the trading community simply was not there.
The bitcoin market fell rather hard during the trading session on Friday, as the job number came out and pushed the Bitcoin market lower to reach down towards the $10,000 level.