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 continues to rally rather significantly during the trading session on Wednesday to show more strength in a market that quite frankly looks as if it is trying to build up the necessary pressure to break out.
Bitcoin markets pulled back slightly during the trading session on Friday, as the jobs number came out in force a lot of currencies higher against the greenback.
Bitcoin markets have rallied a bit during the trading session on Thursday, reaching towards the $10,000 level above.
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The Bitcoin market has gone back and forth during the trading session on Wednesday, after initially trying to poke above the $10,000 level on Tuesday.
The bitcoin markets initially rally during the trading session on Friday but gave back the gains as we are starting to form a symmetrical triangle.
The bitcoin markets have gone back and forth during the last couple of weeks, and during the session on Thursday, the buyers had more to say.
The bitcoin markets have fallen just a bit during the trading session on Tuesday, as we have seen quite a bit of noise as of late.
The Bitcoin markets fell a bit during the trading session on Monday, which was Memorial Day in the United States
Bitcoin markets broke down significantly during the trading session on Thursday as we had seen a move into the US dollar overall.
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Bitcoin markets have gone back and forth during trading again on Wednesday as the $10,000 level above continues offer significant resistance.
The Bitcoin market went back and forth during trading on Friday again, as we yet again see the $10,000 level offer a significant amount of resistance.
Based upon the action that we have seen during the trading session on Thursday in Bitcoin, it looks as if we are trying to carve out a new range.
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The Bitcoin market initially pulled back just a bit during the trading session on Tuesday after the long-awaited halving on Monday.
Bitcoin will undergo its third halving event next week, eagerly anticipated by investors and traders alike.
Bitcoin markets did nothing during the trading session on Monday for the third day in a row, which makes quite a bit of sense considering that the market is currently testing the $9000 level,