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 rallied significantly to kick off the week, reaching towards the 200 day EMA on the daily chart.
Bitcoin initially rallied during the day on Friday but started to run into resistance at the $7600 level again.
Bitcoin has rallied slightly during the trading session on Thursday, but just barely so.
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Bitcoin rallied again during the trading session on Wednesday, breaking towards the $7500 level.
Bitcoin exploded to the upside during the trading session on Tuesday, breaking above the initial resistance barrier that I’d spoke about yesterday in the form of the $6800 level.
Bitcoin rallied a bit during the trading session on Monday to kick off the week in a bullish fashion.
Bitcoin initially tried to rally during the trading session on Friday but rolled over at the $6400 level again.
Well, bitcoin has managed to fall again. We have lost over 3% during the trading session on Thursday, reaching towards the $6100 level again.
Bitcoin continues to look lackluster at best, as we have bounced 0.75% during the day on Wednesday.
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Bitcoin fell significantly during trading again on Tuesday, as the $6800 level has offered significant resistance.
The bitcoin market has gone back and forth during the day on Monday, essentially doing nothing.
The Bitcoin markets have fallen slightly at the open on Monday, as we continue to see negativity just above at the $6800 level.
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Sign up to get the latest market updates and free signals directly to your inbox.Bitcoin tried to rally again during the day on Thursday, but as we have seen many times over the last couple of months, could not keep the gains.
Bitcoin rallied a bit during the trading session on Wednesday, and what most certainly would have been a bit of a liquid as the Americans were focusing on Independence Day.
Bitcoin markets did very little during the day on Tuesday, as we continue to meander around in low-level trading.