Bitcoin rallied from $110K on Thursday, with buyers defending support as BTC/USD eyes $114K resistance and a possible push toward the $120K breakout zone.
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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Bitcoin is finding steady support at $110,000, with traders eyeing $114K and $120K as next bullish targets while $104K remains key downside support.
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Bitcoin is consolidating at the $110K level, with buyers looking for a breakout toward $115K–$120K, while the 200-day EMA at $103,750 remains critical support.
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Bitcoin found strong support at $110K, rebounding with a bullish hammer as traders watch for a move toward $120K in its ongoing summer range.
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Bitcoin holds support at $112K and could rally toward $120K, with $110K remaining the key downside level for traders to watch.
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Bitcoin finds support near $115K after testing the 50-day EMA, with dip buyers stepping in as bulls look toward a potential retest of all-time highs.
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Bitcoin retreats after a false breakout, with risk-off sentiment pushing prices toward $115K support as traders await the Fed’s September statement.
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Bitcoin retreats from record levels as stronger US inflation data tempers Fed rate cut expectations, highlighting its growing correlation with Wall Street sentiment.
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Bitcoin continues to face strong resistance at $120K, with a breakout eyeing $130K and key support at the 50-day EMA and $110K.
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Bitcoin tests the critical $120,000 level, with a confirmed breakout potentially opening the path to $130,000 while $114,000 holds as key support.
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Bitcoin continues to attract dip buyers, with the $120K level acting as a key resistance barrier, while the $110K zone offers crucial technical support.
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Bitcoin declined sharply following disappointing US jobs data, but strong support levels and potential Fed rate cuts could reignite bullish momentum.
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Bitcoin is trading in a tight consolidation near $120,000, forming a bullish flag with potential for a breakout toward $130,000 if momentum returns.
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Bitcoin consolidates just under $120K as traders await the Fed’s interest rate guidance, with bulls targeting a move to $130K.
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Bitcoin continues to consolidate below the $120K resistance, with low summer volume from Wall Street ETF traders keeping momentum muted.
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