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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The bitcoin markets rallied against the US dollar during trading on Monday, gaining over 4%.
Bitcoin has done very little during the trading session on Friday, as we continue to trade below the vital $6000 level
Bitcoin markets did very little during the trading session on Thursday, as we continue to look at the $6000 level is a major support level.
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The bitcoin market against the US dollar was slightly positive during the trading session on Wednesday, gaining the 0.75%.
Bitcoin fell initially during the trading session on Tuesday against the US dollar, as we continue to see a bearish pressure.
Bitcoin has been very bullish during the day, as traders came back from the weekend to start buying again.
Bitcoin markets lost 10% during the trading session on Friday, reaching down towards the $6000 level, an area that I have been talking about for some time.
Bitcoin did very little during the trading session on Thursday, losing 0.75% as I record this.
Bitcoin continues to be very noisy overall, and during the day on Wednesday as it hung around the $6750 level.
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Bitcoin markets initially tried to rally during the trading session on Tuesday, but failed to keep the gains, turning around to form a shooting star.
Bitcoin rallied a bit during the trading session on Monday as traders came back to work, gaining almost 5%.
Bitcoin markets fell a bit during the session on Friday, as we continue to see a bearish pressure. The market is below the $6500 level again, and I think that we are probably going to revisit the $6000 region.
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Bitcoin markets fell during the trading session on Wednesday, reaching down towards the $6000 level.
Bitcoin continues to lose value on Tuesday, reaching down below the $6700 level again.