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 have done very little over the last several days, simply following the 50 day EMA.
Bitcoin markets tried to rally initially during the trading session on Friday as we continue to see a lot of confusion and sideways chop overall.
Bitcoin markets rallied a bit during the trading session on Thursday as the ECB has cut interest rates and added liquidity to the market yet again.
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Bitcoin did very little during the trading session on Wednesday, it’s likely that we continue to swing back and forth across the 50 day EMA.
Bitcoin, the largest and most influential cryptocurrency, is once again turning lower which has created the fourth lower high since June of this year.
The Bitcoin market has tried to rally again during the trading session on Tuesday but has also failed again.
Bitcoin markets tried to rally during the trading session initially on Monday but has rolled over just a little bit to show signs of exhaustion.
The Bitcoin market continues to be very choppy and sideways, but at this point we initially tried to rally during the day on Friday but has given back some of the gains later in the day.
Bitcoin markets continue to calm down, but this is a good sign as the market will continue to go back and forth in the huge orange box that I have marked on the chart.
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The bitcoin market rallied significantly during the trading session on Tuesday as traders came back to work.
Bitcoin markets rallied quite nicely during Labor Day on Monday, as we have found a significant amount of support at the $9250 level.
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Sign up to get the latest market updates and free signals directly to your inbox.The Bitcoin market fell again during the trading session on Thursday, as we have broken through an uptrend line, and now looks susceptible to selling pressure.
The Bitcoin market has done very little during trading on Tuesday, as we continue to see plenty of support just below.
The Bitcoin market went back and forth in a rather quiet trading during the trading session on Monday, which is probably a good thing considering everything else that we had seen around the financial world.