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 has initially tried to rally during the trading session on Thursday but gave back the gains rather rapidly
The Bitcoin market pulled back just a bit during the trading session on Wednesday, as the 200-day EMA has offered significant resistance.
The Bitcoin market has rallied a bit during the course of the trading session on Tuesday as we continue to see a lot of noisy behavior.
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BTC/USD appears ready to end June with a slight demonstration of bullish sentiment trying to tempt speculators.
As long as we stay above the $30,000 level, then there is still hope for a turnaround and a rally in the Bitcoin market.
Bitcoin fell during the trading session on Friday as the 35,000 level has offered enough resistance to turn the markets back around.
The Bitcoin market has rallied a bit during the course of the trading session on Thursday, reaching towards the $35,000 level.
The market did very little during the trading session on Wednesday, which suggests that it is simply too weak to continue going higher for much longer.
Bitcoin fell rather hard during the trading session on Tuesday, breaking down below the $30,000 level.
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Bitcoin initially tried to rally during the trading session on Monday but found pressure at the 200-day EMA to turn things around.
The Bitcoin market broke down during the trading session on Friday again, as the market dropped below the 200-day EMA.
The bitcoin market rallied a bit during the trading session on Thursday, but as you can see, we have failed at the $40,000 level yet again.
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Sign up to get the latest market updates and free signals directly to your inbox.Bitcoin pulled back from the $40,000 level again, which is a bit of a concern at this point because we have made several attempts to break above that level, but it looks as if we continue to struggle.
Bitcoin was trying to break out above the $40,000 level, and at the end of the session the market has not only broken above the $40,000 level, but it has also cleared the $41,000 level.
The Bitcoin market initially fell during the trading session on Monday only to turn around and show signs of strength again as the $35,000 level has offered a bit of support.