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: Bullish breakout holds above long-term trend line
Bitcoin has exploded to the upside of the weekend in thin trading as the Chinese President suggested that crypto currency was in fact a viable alternative for transactions.
Bitcoin had a very strong session on Friday as we headed into the weekend.
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Bitcoin markets have done very little during the trading session on Thursday, as we hover around the $7450 level, and at the bottom of the huge red candle that made up the Wednesday session.
Bitcoin markets fell again during the trading session on Wednesday, as we continue to see a lot of negativity in the crypto markets.
Bitcoin markets have done very little of the last couple weeks, which is quite typical of Bitcoin for long periods of time.
Bearish momentum has been depleted since BTC/USD dropped below the 8K mark.
Bitcoin markets initially tried to rally a bit during the day on Friday but continue to see the 200 day EMA bring out sellers.
While Bitcoin has dragged down the overall cryptocurrency market, Ripple managed to outperform as solid fundamental overcame peer pressure.
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Bitcoin has finally broken through the uptrend line and rolled over through the 200 day EMA.
Bitcoin initially tried to rally during the day on Tuesday but then broke down a bit again.
Bitcoin markets did very little during trading on Monday, but in all fairness it was Columbus Day in the United States.
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Sign up to get the latest market updates and free signals directly to your inbox.The Bitcoin market try to rally during the trading session on Friday but gave up the gains and rollover back towards the 200 day EMA yet again.
After a breakout sequence which took BTC/USD out of its support zone and above its 38.2 as well as 50.0 Fibonacci Retracement Fan Resistance Levels
The bitcoin markets did very little during the trading session on Thursday, hanging about the $8500 level.