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.
Most Recent
The Bitcoin market has gone straight up in the air for several days in a row, but the Thursday session was rather quiet.
BTC/USD has managed to create a powerful upwards climb that is brushing aside resistance levels with bold upward strokes in value.
Bitcoin rallied significantly on Wednesday to break above the $52,500 level quite decisively.
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The Bitcoin market rallied a bit on Tuesday, gaining ever so slightly to break above the $50,000 level.
The Bitcoin market rallied a bit on Monday as we continue to try to break to the upside.
Bitcoin rallied significantly on Friday to show extreme strength again, as we find ourselves testing the $48,000 level.
The Bitcoin market has rallied during the trading session on Thursday to go looking towards the 50 day EMA.
Disappointing Trading Month as Reversal Lower Occurs
The Bitcoin market rallied just a bit on Wednesday but gave back the gains to drift towards the $41,300 level again.
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Bitcoin markets initially tried to rally on Tuesday but then gave back gains yet again to show signs of exhaustion.
Bitcoin markets have gone back and forth during the trading session yet again on Monday, as we continue to see a lot of noisy and choppy behavior.
Bitcoin markets crashed again on Friday to reach down towards the recent consolidation area yet again.
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The bitcoin market has rallied ever so slightly during the trading session on Thursday as we continue to see the market try to find its footing.
BTC/USD is near short-term highs but continues to traverse within what has become a cautious range as incremental decreases have dominated recent trading.
Bitcoin fell towards the $40,000 level on Wednesday but as you can see, has turned around quite significantly.