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 did very little during the trading session again on Tuesday, as we continue to hover underneath the $3500 level.
Bitcoin continues to struggle overall, but we did see a bit of positivity during the day on Friday.
Bitcoin initially tried to rally during the trading session on Thursday again, but as we have seen several times now, sellers come in to squash these rallies.
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The bitcoin market rallied slightly during the trading session on Wednesday, gaining a little over 1%. However, the market is reaching towards the $3500 level, an area that of course could cause a bit of resistance.
Bitcoin continues to grind sideways overall, as the $3500 level had offered support yet again on Friday.
Bitcoin rallied a bit during the trading session on Thursday, but still remains relatively tight in its trading range.
Bitcoin fell again on Wednesday, as we have seen many times over during the last year or so.
The Bitcoin market pulled back initially during trading on Tuesday but has found support underneath the psychologically figure of $3500.
Bitcoin continues to do almost nothing during the day, as Thursday was very quiet.
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Bitcoin tried to rally initially during the trading session on Wednesday, but as we have seen time and time again, sellers came in and push lower.
Bitcoin markets did very little during the day on Tuesday, as we continue to go back and forth and sideways around the $3600 level.
Bitcoin went back and forth during the trading session on Monday, as we continue to see a lot of choppiness.
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Sign up to get the latest market updates and free signals directly to your inbox.The bitcoin markets fell apart on Thursday, and on Friday wasn’t exactly confidence inspiring.
Bitcoin markets rallied initially during trading on Tuesday but ran into trouble at the downtrend line yet again.
Bitcoin markets rallied a bit during the day on Friday, reaching towards the downtrend line.