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 broke down during the day on Tuesday again, slicing through the bottom of the shooting star that had formed on Monday.
Bitcoin markets tried to rally again during the day on Monday, but as per usual ran into a lot of resistance above.
Bitcoin markets rallied over 5% during the day on Friday, in a sign of significant strength.
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Bitcoin did very little during the day on Thursday again, as we continue to grind sideways in a very tight range.
The bitcoin markets did very little during the day on Wednesday, as we continue to struggle in general.
Bitcoin rallied a bit during the trading session on Tuesday, bouncing from the 6300 region.
Bitcoin has fallen again during trading on Monday, reaching down to the $6300 level.
Bitcoin did very little during the trading session on Friday, as we continue to hang about low levels.
Bitcoin rallied a bit during trading on Thursday as we continue to see support just around the $6000 level.
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Bitcoin rallied slightly during the trading session on Wednesday, as we continue to see a bit of support underneath.
Bitcoin continues to fall as Tuesday was also negative. However, the $6000 level underneath continues to loom large.
Bitcoin continues to struggle, losing 3% during the trading session on Monday to kick off the week.
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Sign up to get the latest market updates and free signals directly to your inbox.Bitcoin markets did very little during trading on Friday, as we continue to see this market drift lower overall, but obviously we need to see some type of calming effect after the last couple of very bearish days.
Bitcoin markets have broken down significantly during the trading session again on Thursday, crashing through the $6500 level.
Bitcoin markets broke down significantly during trading on Wednesday, as we have found the downtrend line to be resistive enough to turn the market back around.