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 BCT/USD price jumped to the $9000 high.
The bitcoin market rallied a bit during the trading session on Friday, reaching towards the same resistance areas that we had seen previously.
Bitcoin markets fell during most of the session on Thursday but did find buyers underneath to form a nice-looking hammer.
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Bitcoin markets fell slightly during the trading session again on Wednesday, as we are approaching significant resistance above.
Bitcoin markets did very little during the day on Tuesday, and I think that’s a good thing.
Bitcoin markets did initially try to push higher during the trading session on Thursday, but quite frankly I think it’s a good thing that we have fallen a bit.
Bitcoin markets rallied again during the trading session on Wednesday, but at this point we are getting away overextended.
Bitcoin rallied initially during the trading session on Tuesday, slamming through the $8000 level.
Bitcoin markets rallied significantly during the trading session again on Friday, as we have completely cleared the $6000 barrier.
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Bitcoin markets rallied again during the trading session on Tuesday, reaching towards the crucial $6000 handle.
Bitcoin markets had a very strong session during trading on Friday, after the jobs number came out, and there was a general “risk on” feeling around the world.
Bitcoin markets rallied a bit during the trading session on Wednesday again, as the 200 day EMA sits just below the market.
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Sign up to get the latest market updates and free signals directly to your inbox.The bitcoin market rallied a bit during the trading session on Tuesday, bouncing from the bottom of the channel that we have been in.
Bitcoin broke down significantly during the trading session on Friday, to close out the week with a very bearish candle stick.
The bitcoin market fell during trading on Wednesday, reaching down towards the breakout point that we had seen on Tuesday.