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 rallied slightly during the trading session on Tuesday, as the $5000 level has offered enough support to cause the market to pop a bit.
Looking at the price action on Monday, I believe that Bitcoin is still going to see a lot of violent swings back and forth,
nstitutional selling across the cryptocurrency sector is anticipated to continue as portfolio managers are forced to raise capital to meet margin calls.
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The Bitcoin market broke down significantly during the trading session on Friday, dropping another $2000 in the blink of an eye.
Bitcoin markets got absolutely slaughtered during the trading session on Thursday, basically falling as soon as the day started.
Bitcoin markets have done very little during the trading session on Friday after rallying on Thursday.
The Bitcoin market did very little during trading on Wednesday, as markets continue to consolidate after a violent thrashing in both directions from a global standpoint.
Bitcoin went back and forth during the trading session again on Tuesday as Bitcoin traders simply have no idea what to do with the global economic situation.
Following the latest Bitcoin crash, eliminating hopes that this cryptocurrency possesses similar safe-haven attributes like gold, more downside cannot be ruled out
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Bitcoin markets initially fell again on Thursday but found enough support just above the 200 day EMA to show signs of life again.
Bitcoin has broken down significantly during the trading session on Wednesday, breaking below the 50 day EMA.
The Bitcoin market initially tried to rally during the trading session on Monday, but as you can see failed at the $10,000 level yet again.
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Bitcoin rallied slightly during the trading session on Friday, showing signs of life again at the $9500 level.
After a massive advance across the cryptocurrency sector led by industry bellwether Bitcoin, volatility started to expand as price action approached key resistance levels.
The Bitcoin market has initially tried to rally during the trading session on Wednesday but failed to continue going higher and hang on to the gains.