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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BTC/USD is lingering slightly above the 29,000.00 level and behavioral sentiment is showing signs of being fragile in the short-term.
A hard consolidated and volatile price range for BTC/USD has emerged for speculators who frequently dream of catching the next big wave of upwards momentum in Bitcoin.
BTC/USD is trading above 30,200.00 as of this writing and readers are urged to check this against the market price as they glance at this article.
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The BTC/USD market continues to consolidate, and after the recent surge toward the $30,000 level, there seems to be a little bit of hesitation.
BTC/USD is trading near the 24,900.00 ratios as of this writing with fast conditions producing impressive choppiness.
On Thursday, Bitcoin attempted to rally but encountered significant resistance and is now struggling to gain momentum.
The Bitcoin market took off to the upside, showing signs of positivity yet again, and at this point it’s likely that we continue to see a lot of buying pressure underneath.
The BTC/USD market has rallied a bit during the trading session on Thursday, as we are now threatening the $25,000 level.
BTC/USD took off during the trading session on Wednesday, gaining just a bit under 7%.
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Bitcoin price diverged from American stocks even as concerns about inflation and regulations continued.
Bitcoin has fallen a bit during the trading session on Monday, to test the 200-Day EMA.
Bitcoin has fallen rather hard during the trading session on Wednesday, as we continue to see a lot of hesitation up near the $23,000 region.
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Sign up to get the latest market updates and free signals directly to your inbox.Bitcoin has risen slightly on Tuesday, as we continue to wait for some type of momentum to come back into the market and determine the overall direction.
Bitcoin price moved sideways on Tuesday as the market pondered the next action plan by the Federal Reserve following the strong jobs numbers on Friday.
The BTC/USD didn’t do much during the training session on Friday as we continue to hover right around the $23,500 level.