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 markets bounce a bit during the trading session on Wednesday as we are awaiting the FOMC statement.
The BTC/USD pair rose after the Fed raised its interest rates. The pair rose to a high of 40,000, which was the highest level since April 29th.
The Bitcoin market initially tried to rally on Tuesday but gave up gains to form a little bit of an inverted hammer.
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The Bitcoin market initially fell on Monday but found enough support to stabilize near the $30,500 level.
Bitcoin pulled back from the $40,000 level, an area that continues to be a major indicator of confusion, as we are bouncing around in the same vicinity.
Bitcoin has rallied ever so slightly during the trading session on Thursday to gravitate near the $40,000 level.
Bitcoin initially tried to rally on Tuesday but gave back gains to show signs of hesitation again.
Bitcoin fell a bit on Monday to break down and reach the $30,250 level.
The Bitcoin market fell a bit on Friday to show signs of negativity.
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Bitcoin initially tried to rally during the trading session on Thursday but seems to have given back early gains to show signs of hesitation at the 50 Day EMA.
The Bitcoin market continues to see a lot of confusion as the Wednesday session has shown a turnaround at the 50 Day EMA.
Bitcoin has rallied a bit during the trading session on Tuesday to reach the $41,250 level.
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Bitcoin has fallen a bit during the trading session on Monday to break below the $39,000 level initially.
Bitcoin did very little on Friday as liquidity was very thin during the Good Friday holiday.
Bitcoin has pulled back a bit during the trading session on Thursday to reach the $40,000 level again.