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 a bit during the trading session on Friday, reaching towards the highs of the Thursday session.
Bitcoin spiked together with safe-haven assets like gold, as tensions between the US and Iran flared up.
Bitcoin ended up breaking lower during the trading session on Thursday, in a perfect selling opportunity based upon the shooting star from the Wednesday session
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Bitcoin initially shot higher during the trading session on Wednesday, reaching towards the trendline marked on the chart and looking very much like a market that was trying to break out.
Bitcoin markets rallied a bit during the trading session on Monday as people came back to work, breaking above the 7500 level.
Bitcoin has rallied significantly during the trading session on Friday after the Americans killed an Iranian general, sparking a major “risk off” type of rally.
Bitcoin has broken down a bit during the trading session on Thursday as traders came back to work, continuing the overall negativity that we have seen for quite some time.
Bitcoin markets drifted a bit lower during the New Year’s Eve trading session, as we continue to juggle just below the $7250 level.
Bitcoin is positioned to extend its bearish chart pattern after price action was rejected by its short-term resistance zone.
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Bitcoin has rallied a bit during the trading session on Monday, breaking above the $7250 level and even reaching above the $7500 level initially before pulling back and showing signs of exhaustion.
Bitcoin is very unlikely to do much during the remainder of the year, as we continue to hang around the $7200 level.
The bitcoin markets rallied slightly during the trading session on Thursday, reaching towards the 7400 level.
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Sign up to get the latest market updates and free signals directly to your inbox.Bitcoin did very little during the trading session on Friday, as the market is probably focusing more on the holidays than anything else.
Bitcoin is in recovery mode after dropping below 6,400, but the bearish trend remains intact, and more downside is expected to follow.
Bitcoin has tried to rally a bit during the trading session Thursday but has given back all of the gains in order to form a massive shooting star.