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 initially fell on Wednesday to reach down towards the 50-day EMA.
The Bitcoin market rallied on Tuesday, something that it has been struggling to do over the last several sessions.
Bitcoin pulled back from the 50-day EMA indicator on Monday, as we have seen a lot of volatility in this market.
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Bitcoin markets initially pulled back towards the $40,000 level on Friday before bouncing and reaching towards the 50-day EMA.
Bitcoin has pulled back slightly during the trading session on Thursday as we got fairly close to the 50 Day EMA.
Bitcoin has initially tried to rally during the trading session on Wednesday but gave back gains as we reached the 50 Day EMA.
Bitcoin markets did very little again on Tuesday, as we sit just below the potentially crucial $40,000 level.
BTC/USD remains under pressure in early trading this morning as the world’s largest cryptocurrency remains weighed down by nervous conditions.
The Bitcoin market initially fell on Monday, only to turn around and show a lack of follow-through.
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Bitcoin went back and forth on Friday as we continue to dance around just below the $40,000 level.
The Bitcoin market has fallen again during the trading session on Thursday to break down below the $40,000 level.
The Bitcoin market broke higher during the course of the trading session on Wednesday to reach towards the 50 Day EMA.
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Sign up to get the latest market updates and free signals directly to your inbox.Bitcoin markets rallied just a bit on Tuesday to show signs of life again.
Ripple did very little on Tuesday as we continue to look for some type of catalyst to get moving.
Bitcoin fell again on Monday as we continue to see people run away from risk in the overall markets.