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 experienced a rally during the trading session on Friday, successfully breaching the crucial $38,300 level, and displaying promising signs of an imminent surge.
Bitcoin demonstrated a mixed performance during the Thursday trading session, leaving market participants oscillating between bullish aspirations and concerns of potential overextension.
Bitcoin had a mixed performance during Wednesday's trading session, with market participants oscillating between bullish aspirations and concerns of potential overextension.
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BTC/USD has provided bullish speculators another burst higher in the past day and the movement upwards in the last four weeks has been noteworthy.
The S&P 500 experienced a turbulent trading session on Wednesday, initially stumbling before staging a bit of a recovery.
Rather fast price velocity was demonstrated in BTC/USD the past week of trading, but the last two days have taken on some sideways price action which looks suspicious.
After retrying to test highs over the weekend, BTC/USD has fallen lower again and the velocity achieved downwards has likely made speculators nervous.
BTC/USD has come off higher values seen earlier this week; speculators are now being confronted by headwinds and technical considerations.
BTC/USD is continuing to trade within the upper realms of its near-term range technically, speculations with a taste for adventure may find charts inviting.
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After climbing to highs late last week, the USD/ZAR has reversed slightly lower in early trading this morning, but light volume could prove problematic.
BTC/USD rocketed higher late Tuesday on news that a U.S. Appeals court ruled against the SEC and opened the door for a potential Bitcoin ETF to emerge.
The BTC/USD market has rallied significantly during the trading session on Tuesday, getting over 7% as the JOLTS Jobs Openings in the United States came out with “only 8 million jobs listed”, instead of 9 million jobs.
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Sign up to get the latest market updates and free signals directly to your inbox.After touching a low of nearly 25,350.00 on Tuesday and exhibiting a strong hint of price velocity, BTC/USD has managed to produce a reversal higher in the past day and a half.
BTC/USD has produced swift price velocity lower this morning, as mid-term support levels have proved vulnerable
The price range for BTC/USD this week has been rather bumpy, but after testing important support depths on Monday, Bitcoin has produced upwards movement.