Bitcoin stabilizes near $100K after tech-driven selling, with traders anticipating continued consolidation and potential buying opportunities on dips.
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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BTC/USD: Bitcoin has been choppy with a bit of a pullback though it is generally still on an upward trajectory, with all eyes watching the $110,000 level to see if it can break higher.
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BTC/USD: Bitcoin continues to look bullish, though seems to have hit a bit of a brick wall near the $110,000 level
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Bitcoin: Continuing to look bullish, with pressure building to break out of the $110,000 to $110,000 range
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During my analysis of Bitcoin, the first thing that comes to the forefront is the fact that Bitcoin is rallying rather significantly, as we have broken through a significant short-term swing high, and now that we are above there, it looks like Bitcoin could continue to go looking to the upside. After all, the market had been in a major consolidation range, and now it looks like Bitcoin might go looking to get to the top of it.
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Bitcoin consolidates near $90K, with traders eyeing dips as buying opportunities and a potential breakout above $96K to signal upward momentum.
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Bitcoin holds key support, with sideways action likely before potential upside, as Non-Farm Payrolls could shape market sentiment and risk appetite.
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Bitcoin finds support near $90,000 after testing a key trend line, with long-term traders eyeing potential gains toward $100,000 amid easing yields.
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My daily analysis of crypto obviously starts with Bitcoin, which was absolutely crushed during the trading session on Tuesday.
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Bitcoin breaks above $100K, with bullish momentum intact as traders eye $109K and pullbacks to key support levels attract buyers.
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Bitcoin initially pulled back just a bit during the trading session on Friday, but as you can see, we have turned around the show signs of life.
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Bitcoin consolidates within the $90K-$110K range, with bullish sentiment prevailing as traders watch key support levels and potential for upward breakout.
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Bitcoin price stabilized above the $94,000 level as traders eyed numerous catalysts in the coming weeks.
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During my daily analysis of Bitcoin, the first thing I see is that we are in fact struggling a bit.
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During my daily analysis of financial markets, Bitcoin captured my attention due to the fact that we have bounce significantly from the 50 Day EMA, which sits near the $93,000 level, and is rising.
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