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 have been all over the place during the trading session on Monday as it looks like we are looking to find direction.
The Bitcoin market broke down below the $30,000 level on Friday but turned around quite nicely to show signs of support.
Bitcoin markets fell hard yet again during the trading session on Thursday, dropping 10% during the day.
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Bitcoin fell rather significantly during the course of the trading session on Wednesday, breaking below the $35,000 level before turning around and showing signs of life again.
Bitcoin markets initially tried to rally during the trading session on Tuesday but have struggled to hang on to gains.
The Bitcoin market fluctuated during the course of the trading session on Monday, as we have no idea what to do with ourselves.
Bitcoin markets initially tried to break above the $40,000 level during the trading session on Friday but gave back the gains to break down significantly and reach towards the $35,000 level.
The Bitcoin markets have rallied again during the trading session on Thursday to reach towards the $40,000 level again.
Bitcoin fell again during the trading session on Wednesday but then turned back around to show signs of hanging on to the $35,000 level.
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Bitcoin fluctuated during the session on Tuesday as we continue to dance around the $35,000 level.
Bitcoin markets got absolutely crushed on Monday, dropping almost 20% at one point during the day.
Bitcoin markets had a wild ride during the trading session on Friday again, as we try to figure out what to do with the $40,000 range.
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The Bitcoin market has rallied again during the trading session on Thursday, reaching the milestone of hitting $40,000.
The Bitcoin market broke above the $35,000 level during the trading session on Wednesday, as we continue to see concerns about stimulus now that the Senate has "flipped blue”.
The Bitcoin market initially fell during the trading session on Tuesday but found the $30,000 level to be supportive, then shot up over the $35K level.