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 fell on Tuesday to reach down towards the crucial $40,000 level.
The Bitcoin market has initially rallied during the course of the trading session on Monday but gave back quite a bit of momentum just below the $49,000 level.
The Bitcoin market initially tried to rally on Friday but gave back early gains to form a shooting star.
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The Bitcoin has rallied ever so slightly to reach towards the $50,000 level but is clearly running out of some of the momentum seen over the last couple of days.
Bitcoin has rallied again during the trading session on Wednesday, to show signs of recovery yet again.
The Bitcoin market rallied a bit on Tuesday to show continued respect for the 50-day EMA which sits just below.
The Bitcoin market initially rallied on Monday but gave back a lot of the gains to form an inverted hammer, which is a potentially negative sign.
The Bitcoin market was relatively quiet during the Friday session as we continue to hang around the 50-day moving average.
The Bitcoin market had rallied a bit on Thursday, but the most important thing you look at is the fact that the market has stabilized over the last 48 hours.
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The Bitcoin market fell again on Wednesday but then showed signs of life again as the 50-day EMA has offered a significant amount of support.
The Bitcoin market has broken significantly to the downside to slice through the $50,000 level on Tuesday, apparently out of the blue.
The bitcoin market has finally broken higher during the trading session on Monday, to break well above the $51,000 level.
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Sign up to get the latest market updates and free signals directly to your inbox.Bitcoin initially pulled back on Friday but then turned around to show signs of strength again as it took out the $50,000 level.
The Bitcoin market has rallied a bit during the course of the trading session on Friday only to turn around and form a less than impulsive candlestick.
The Bitcoin market rallied yet again on Wednesday as we continue to undulate back and forth in the same consolidation area just below the $50K level.