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 failed at the 50-day EMA near $113,200 after weak US jobs data sparked risk-off sentiment, leaving $110K and $108K as key supports.
Bitcoin hovers around $110K support ahead of NFP-driven volatility, with $113.3K as near-term resistance and $108K–$104K as key downside levels.
Bitcoin remains indecisive near $110K as traders weigh Fed policy uncertainty, with support at the 200-day EMA and resistance at the 50-day EMA.
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Bitcoin traded choppily on Monday, stuck below $110,000 resistance, with technicals signaling caution as traders weigh risk appetite and await stronger post-holiday volume.
Bitcoin dropped below the $110,000 mark on Friday, with weak momentum and risk aversion raising the risk of a deeper move toward $104K or $100K before recovery.
Bitcoin rallied from $110K on Thursday, with buyers defending support as BTC/USD eyes $114K resistance and a possible push toward the $120K breakout zone.
Bitcoin is finding steady support at $110,000, with traders eyeing $114K and $120K as next bullish targets while $104K remains key downside support.
Bitcoin is consolidating at the $110K level, with buyers looking for a breakout toward $115K–$120K, while the 200-day EMA at $103,750 remains critical support.
Bitcoin found strong support at $110K, rebounding with a bullish hammer as traders watch for a move toward $120K in its ongoing summer range.
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Bitcoin holds support at $112K and could rally toward $120K, with $110K remaining the key downside level for traders to watch.
Bitcoin finds support near $115K after testing the 50-day EMA, with dip buyers stepping in as bulls look toward a potential retest of all-time highs.
Bitcoin retreats after a false breakout, with risk-off sentiment pushing prices toward $115K support as traders await the Fed’s September statement.
Bitcoin retreats from record levels as stronger US inflation data tempers Fed rate cut expectations, highlighting its growing correlation with Wall Street sentiment.
Bitcoin continues to face strong resistance at $120K, with a breakout eyeing $130K and key support at the 50-day EMA and $110K.
Bitcoin tests the critical $120,000 level, with a confirmed breakout potentially opening the path to $130,000 while $114,000 holds as key support.