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 traders initially tried to rally during the trading session on Wednesday but failed yet again.
Bitcoin markets went back and forth during the trading session on Monday, as the Bitcoin/US dollar market hovers around the $9100 level.
Bitcoin initially tried to rally during the trading session on Monday but found the $10,000 level to be far too resistive to continue going higher.
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The Bitcoin market broke down during the session on Friday again, reaching well below the $8800 level, but then bounced to close right around that range.
Bitcoin markets broke down a bit during the trading session again on Thursday, slicing a bit below the $9300 level.
Bitcoin markets tried to rally on Wednesday but struggled again as we turned around to form a shooting star.
Bitcoin traders sold off the crypto currency during the session on Thursday, slicing through the $10,000 level, and of course the 61.8% Fibonacci retracement level.
Bitcoin markets rallied significantly during the Friday session, breaking above the top of the hammer from the previous session. Bitcoin was even more bullish against the Japanese yen, which is not a surprise considering the Japan is 40% of Bitcoin trading.
Gold prices ended yesterday's session down $11.72 as investors liquidated their positions to bank substantial profits from Friday's shock.
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A Bitcoin exchange in the Philippines, Coins.ph has just added an instant remittance service to its list of its options, allowing users to withdraw, remit and send money directly from a bank’s ATM using this service.
Major magazine publisher Time Inc. just announced a partnership with Coinbase that will enable readers to pay for their subscriptions in Bitcoin.
Swedish based Bitcoin exchange, Safello announced that a new banking partnership will now allow U.K. customers to hold deposits. According to Safello this is a huge opportunity, considering many start-ups in the U.K.
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Sign up to get the latest market updates and free signals directly to your inbox.According to a recent research report released by the Cato Institute, Bitcoin could potentially be replaced by other types of crypto-currencies in the near future, which should have better security features and will be less volatile than the current digital currency.
Microsoft is now allowing users to fund their Xbox accounts with and pay for its services using Bitcoin.
Many analysts believe that the frenzy surrounding Bitcoin is fading over the past few months as the volumes in the markets have dried up.