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 went back to doing nothing during the trading session on Wednesday, as we continue to dance around the 50 day EMA.
The bitcoin markets rallied a bit initially during the day but then rolled over slightly to essentially do nothing overall.
Bitcoin initially tried to rally during trading on Monday as people return to their desks from the weekend, but as you can see we have rolled over and struggled at the $4200 level.
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Bitcoin rallied a bit during the trading session on Friday, reaching towards the $4000 level.
Bitcoin rallied initially during the trading session on Thursday but found resistance again at the $4000 level.
Bitcoin rallied a bit during the trading session on Wednesday, as the US dollar got hit.
The bitcoin market rallied a bit during the trading session on Tuesday, matching the attitude of the Monday session as well.
Bitcoin markets rallied initially during the trading session on Friday but gave back the gains yet again.
Bitcoin markets did very little during the trading session on Thursday, as we continue to go sideways as the 20 day EMA level.
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Bitcoin continues to grind a bit sideways overall as we can’t go anywhere.
The bitcoin markets exploded to the upside during the trading session on Friday, sparking hope in the crypto currency community.
Bitcoin markets drifted a bit lower during the trading session again on Thursday as we continue to rollover in general.
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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 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.