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 nothing during the day on Thursday, as we continue to see a severe lack of momentum in either direction.
The bitcoin market had a volatile session in a very tight range during trading on Wednesday.
Bitcoin markets did very little again during the trading session on Tuesday, as we continue to dance above major support.
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The bitcoin market fell slightly during the trading session on Monday, as we continue to see a lack of movement overall.
Bitcoin did very little again during the day on Friday, as we continue to hover around the $6500 level.
Bitcoin markets continue to do very little during the day, and it looks very likely that we are entering a sideways market.
Bitcoin continued to do nothing during the day on Wednesday, as the $6600 level was the fulcrum for price.
Bitcoin continues to do very little during the day as markets are essentially flat. We are following a very flat 50 EMA on the daily chart, as the market simply has nowhere to be.
Bitcoin continues to go sideways overall in very uninspired trading. The market has been in the descending triangle since the beginning of the year, and as such the analysis has been very similar most days.
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Bitcoin markets continue to do nothing during the trading session on Friday, gaining roughly $30 as I record this.
Bitcoin continues to grind lower, losing almost 3% by the time I got to my desk to record this video.
Bitcoin markets did very little during the trading session on Wednesday, as we continue to dance around in the descending triangle.
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Sign up to get the latest market updates and free signals directly to your inbox.The bitcoin markets rallied a bit during the trading session on Tuesday again, reaching towards the previous downtrend line.
Bitcoin had an interesting session on Wednesday, initially spiking higher and breaking above the downtrend line that we have seen on the chart for so long.
Bitcoin markets rallied slightly during the trading session on Friday, bouncing from the $6200 level.