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.
It was another volatile yet positive week for the crypto market amid improvements in US-China trade talks and bullish equity forecasts, which boosted sentiment on Wall Street and encouraged investors to reengage with risk assets.
Bitcoin continues to attract buyers near $110K, with strong support around $100K and momentum building for a breakout above $112K toward $120K in the long term.
Bitcoin rebounded from $100,000 and the 50-day EMA, suggesting strong support as bulls look to break above $112K and continue the broader uptrend.
Bitcoin extended its gradual decline on Thursday, testing key support near $100,000 as traders digest gains and institutional interest keeps the outlook bullish.
Bitcoin is consolidating around $105K as traders gauge whether the recent rally will continue or pause within a $100K–$110K range before the next breakout.
Bitcoin continues consolidating just below $110K, with strong support at $105K–$100K and bullish momentum eyeing a breakout toward $120K.
Bitcoin dipped slightly on Wednesday as traders watched $110K support, with broader bullish momentum intact and upside targets at $112K and $120K.
Bitcoin has rallied a bit during the trading session on Monday in what was Memorial Day in the United States. So, there might have been a little bit of liquidity missing, but really at the end of the day, I think what we're doing is trying to grind to the upside and take out this candlestick from last week on Friday that was so negative.
You can see Bitcoin has fallen pretty significantly during the trading session on Friday as there has been a bit of a shock to the system with the president of the United States, Donald Trump, suggesting that there will be a 50 % tariff on the European Union starting June 1st if the situation doesn't change between the two countries. Evidently, he's not happy about how the negotiations are going and this happens
BTC holds strong near $104K. Breakout above $110K could trigger rally toward $125K. Dips to $100K seen as buy zones.
Bitcoin’s (BTC) price trades 39% above its multi-month low of $74,400 reached on April 7. This rally brought BTC within 2% of its all-time high of $109,000 when it hit a five-month high at $107,100 on May 19.
Bitcoin nears $106K breakout. If breached, $110K and $135K could be next targets. Support solid at $100K.
Bitcoin remains bullish as buyers defend the $100K support level, with repeated hammer patterns suggesting a breakout toward $110K could be imminent.
Bitcoin eased slightly on Wednesday, consolidating below the $106K resistance after a sharp 40% rally, with strong support seen at $100K and $96K.
After a sharp rally, Bitcoin shows signs of overextension with likely profit-taking ahead, but remains bullish with support expected near the $100K–$95K range.
