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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The Bitcoin market broke down significantly over the last couple of days, crashing all the way to the 200-day EMA which is closer to the $47,000 level.
BTC/USD has stumbled rather dramatically from the 59,100.00 price it was trading on the 1st of December and this weekend’s flash crash has created more tension.
The Bitcoin market pulled back a bit on Friday as we continue to see more “risk off” behavior around the world.
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Bitcoin fell on Thursday to show signs of weakness, as the market has reached towards the 56,000 level only to turn back around.
Bitcoin markets rallied on Wednesday to show signs of consolidation yet again, as we sit just below the crucial and structurally important $60,000 level.
The Bitcoin market went back and forth on Tuesday as the US dollar shot straight up in the air.
Bitcoin rallied a bit on Monday to wipe out the losses that we just had.
Bitcoin fell apart on Friday, as markets around the world got hammered due to the news coming out of South Africa.
The Bitcoin markets have rallied a bit during the Thanksgiving session on Thursday, showing signs of life again.
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The Bitcoin market fell a bit on Wednesday, but we continue to see the 50-day EMA offer a little bit of interest.
Bitcoin markets rallied just a bit on Tuesday to show a continuation of the overall consolidation that we have been in over the last couple of days.
The Bitcoin market rallied a bit on Monday but struggled with the $60,000 level.
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Sign up to get the latest market updates and free signals directly to your inbox.Bitcoin initially fell on Friday, piercing the 50-day EMA.
Bitcoin has initially tried to rally during the day on Thursday, but the $60,000 level could not hold as support.
The Bitcoin market initially on Wednesday but turned around to show signs of life again as the $60,000 level looks to be supported in this market.