Bitcoin drops toward key $106K support as strong US GDP data strengthens the dollar, with traders watching for a bounce or a deeper slide toward $100K.
Technical Analysis
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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Technical Analysis
Bitcoin bounced on Wednesday, holding above $110K support while facing resistance at $117K, as Wall Street ETF flows and shifting risk sentiment guide momentum.
Technical Analysis
Bitcoin is trying to find a little bit of strength and support in this general vicinity of $113,000. And the market breaking down the way it has only to turn around and form a bit of a hammer does suggest that perhaps we have a real shot at bouncing here. The 50 day EMA, of course, is just above.
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Bitcoin eased near $117K before the FOMC, with Fed policy set to decide if BTC rallies toward $120K or forms a bearish lower high.
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Bitcoin pulls back from $117K resistance, with traders eyeing $110K support and volatile moves ahead of this week’s central bank decisions.
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Bitcoin (BTC) price is up 8% from its local lows to trade above $116,000 on Monday, fueled by anticipation of Federal Reserve rate cuts this week and robust institutional inflows.
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Bitcoin remains steady above $110K and the 50-day EMA, with bulls eyeing $117K–$120K while $105K serves as critical long-term support.
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Bitcoin is holding above $110K and the 50-day EMA, with bullish momentum targeting $117K–$120K while $108K remains key downside support.
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Bitcoin remains stuck near $113,000 resistance, with traders weighing Fed rate cut risks against the potential for a grind higher toward $120,000.
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Bitcoin gained on Monday but remains capped by the 50-day EMA and $110K, with buyers eyeing $117K–$120K if resistance breaks.
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Bitcoin failed at the 50-day EMA near $113,200 after weak US jobs data sparked risk-off sentiment, leaving $110K and $108K as key supports.
Technical Analysis
Bitcoin hovers around $110K support ahead of NFP-driven volatility, with $113.3K as near-term resistance and $108K–$104K as key downside levels.
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Bitcoin remains indecisive near $110K as traders weigh Fed policy uncertainty, with support at the 200-day EMA and resistance at the 50-day EMA.
Technical Analysis
Bitcoin traded choppily on Monday, stuck below $110,000 resistance, with technicals signaling caution as traders weigh risk appetite and await stronger post-holiday volume.
Technical Analysis
Bitcoin dropped below the $110,000 mark on Friday, with weak momentum and risk aversion raising the risk of a deeper move toward $104K or $100K before recovery.
Technical Analysis