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 slightly during the trading session on Tuesday, reaching towards the $7100 level.
Bitcoin fell again during trading on Monday, as we continue to see sellers jump into this market.
Bitcoin continues to struggle overall, but we did see a nice recovery during the day on Friday.
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Bitcoin fell again during the trading session on Thursday, reaching below the $7500 level one point.
Bitcoin markets fell again during the day on Wednesday, reaching towards the $7500 level.
The Bitcoin markets continued to see selling on Tuesday, as we have been seeing a bit of exhaustion.
Bitcoin markets drifted a little bit lower during the trading session on Monday, breaking below the $8000 level.
Bitcoin markets initially fell during the trading session on Thursday but turned around to break above the $8000 level again.
Bitcoin markets have attempted to rally during the trading session on Thursday but gave back much of the gains as it looks like we are ready to pull back a bit.
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Bitcoin rallied initially at the open on Wednesday but turned around to retrace back to the $8100 level.
Bitcoin rallied again during the trading session on Tuesday, as we have broken above the $8000 level, and more importantly, the 200 day EMA.
Bitcoin rallied significantly to kick off the week, reaching towards the 200 day EMA on the daily chart.
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Sign up to get the latest market updates and free signals directly to your inbox.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.
Bitcoin rallied again during the trading session on Wednesday, breaking towards the $7500 level.