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 on Tuesday as we continue to hang below the $4000 level.
Bitcoin broke down significantly during the trading session on Monday, slicing through the $4000 level.
Bitcoin markets fell again during the day on Friday going into the weekend, as we are touching $4200 as I record this.
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Bitcoin did almost nothing during the trading session on Thursday, not much of a surprise considering that the market is probably a bit exhausted from breaking through massive support,
The bitcoin markets ended up relatively unchanged during the day on Wednesday, as we are hanging about below the $5000 level.
The bitcoin markets broke through the significant $5000 level during the trading session late on Monday, and Wednesday was more of the same.
Bitcoin markets initially tried to rally on Monday but then broke down significantly yet again.
Bitcoin rallied a bit during the trading session on Friday, but as you can see we have rolled over a bit, as the market has broken down significantly through the important $6000 handle, an area that has offered support for ages.
The bitcoin market broke down initially during trading on Thursday but did bounce enough to turn around and form a hammer.
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Bitcoin markets broke down during the trading session on Wednesday finally, slicing through the $6000 level, and as I record this has broken below the $5800 level.
Bitcoin markets broke down a little bit during the trading session on Tuesday as we continue to drift lower.
The bitcoin markets again did very little during trading on Monday, as we are positive by three dollars as I record this.
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Sign up to get the latest market updates and free signals directly to your inbox.Bitcoin markets fell during the trading session on Friday, reaching down towards the $6400 level.
Bitcoin markets drifted a bit lower during trading on Thursday, as the crypto currency markets continue to be very choppy and sideways from a longer-term standpoint.
Bitcoin markets did rally a bit overnight, but most of the session on Wednesday was rather quiet although above the $6500 level.