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 rallied significantly during the trading session on Friday, gaining roughly 15% by the time the market started to close.
If you been watching my videos here at Daily Forex, you know I’ve been talking about how this market has gone far too parabolic, and that it would be relatively soon that we would see a loss of more than 10% in a single day.
The Bitcoin market is now parabolic and looking very dangerous to say the least.
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Bitcoin markets rallied a bit during the trading session on Tuesday, breaking above the $11,000 level and perhaps even more important breaking above the highs from the previous session.
Bitcoin rose yet again during the trading session on Monday, as we are well above the $10,000 level now.
Bitcoin rallied just a bit during the trading session on Thursday, as we continue to see a bit of a “risk on” move, as the US dollar has gotten hammered after the dovish Federal Reserve.
Looking at the Bitcoin chart, it’s easy to suggest that not much happened during the trading session on Wednesday.
Bitcoin markets went back and forth during the trading session on Tuesday, as we reached towards the $9200 level.
Bitcoin rallied significantly during the trading session on Monday, not only breaking above the $9000 level but also breaking higher by 10%.
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The bitcoin markets rallied a bit during the trading session on Thursday as we continue to grind higher.
Bitcoin markets continue to grind back and forth, with a slightly positive session on Wednesday.
Bitcoin markets rallied during the day on Friday as we have seen the US dollar get hammered.
Bitcoin markets took a hammering during the trading session on Tuesday, breaking back below the $8000 level.
The BCT/USD price jumped to the $9000 high.
The bitcoin market rallied a bit during the trading session on Friday, reaching towards the same resistance areas that we had seen previously.