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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Bitcoin markets did very little during the trading session on Friday, as the market headed into the weekend and lower liquidity.
Bitcoin markets rallied again during the trading session on Thursday, just as buyers would like to see.
The Bitcoin market initially fell during the trading session on Wednesday as the $30,000 level continues to be crucial support.
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The Bitcoin market broke down significantly during the trading session on Tuesday to slice through the bottom of the symmetrical triangle that we have seen.
The Bitcoin market initially tried to rally a bit during the trading session on Monday as the trading world got back to work.
Now it looks as if the market is still in its “wait-and-see” mode that it has been in for a while.
The bitcoin market rallied a bit during the course of the trading session on Thursday to reach towards the $40,000 level before pulling back a bit.
The Bitcoin markets rallied just a bit during the trading session on Wednesday to break above the top of the 200-day EMA yet again.
Bitcoin markets were a bit choppy during the trading session on Tuesday as we continue to sit at the 200-day EMA.
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Bitcoin fell a bit during Monday's trading session only to turn around and show signs of life again.
The Bitcoin market fell a bit during the trading session on Friday to pierce below the 200-day EMA.
BTC/USD has continued to face headwinds as the month of June gets ready to start, and traders are being confronted by rather steady bearish conditions.
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Bitcoin continues to sit just above the 200 day EMA, as we are looking at the 40,000 level through the prism of resistance.
The Bitcoin market rallied a bit during the trading session, but still struggles to get above the $40,000 level.
Volatility in Bitcoin remains extreme, which is what makes this asset class so striking.