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 has fallen a bit during the trading session on Tuesday as Bitcoin continues to be where “money went to die.”
Bitcoin initially tried to rally on Friday but gave back gains as soon as we touched by the 50-Day EMA.
The BTC/USD has done very little during the trading session on Wednesday as we continue to wait around for some type of signal.
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If money found a place to die, it would certainly be an area called “Bitcoin.”
Bitcoin has fallen during the Friday session as the US dollar has strengthened a bit and of course, the 50-Day EMA has offered a little bit of resistance.
The BTC/USD market has done very little during the trading session on Thursday as we continue to hang around the 50-Day EMA.
The BTC/USD has pulled back just a bit during the trading session on Wednesday as we have pulled back from the 50-Day EMA, and traders have started to realize that the “risk off rally” was fading.
Bitcoin has rallied slightly during the trading session on Monday to show signs of life, but still struggles with the idea of rallying.
The BTC/USD has done almost nothing during the trading session yet again during the day on Friday, as we are sitting just below the 50-Day EMA.
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The BTC/USD has done very little during the trading session on Thursday, as we continue to see a lot of noisy behavior.
The BTC/USD market has dropped a bit during the trading session on Wednesday to reach down toward the $18,000 level.
Bitcoin has remained surprisingly steady during the trading session on Monday as the US dollar has crushed almost everything in its sites.
Bitcoin has fallen a bit during the trading session on Friday, losing almost 3% as we continue to see a lot of negativity out there.
The BTC/USD has been somewhat positive during the trading session on Thursday, as $18,000 level continues to be very important for the longer-term trend.
Bitcoin markets rallied a bit during the trading session on Wednesday as we continue to look at the $18,000 level is a significant support area.