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.
Crypto markets sprang back to life in the lead-up to October, following a two-week pullback that had many saying, “I told you so,” regarding the possibility of a “Red September.” After bottoming out near $108,600 last Friday, Bitcoin (BTC) bulls went to work to ensure King Crypto finished the month in the red, ultimately sparking a late-September rally that resulted in a monthly gain of 6.34%.
Bitcoin rallied on Wednesday as we continue to see a lot of noise in the financial markets. The Bitcoin market has been of interest as of late, as we have seen 3 of the 4 last candles show green, and a large range is on top of that. With that being said, we are testing a major resistance barrier that is worth noting near the $117,000 level. The $117,000 level is an area that’s been important multiple times, but it looks like we are slamming into that and it’s also worth noting that even though the fact that we broke above there at one point during the session, and then turned around to show signs of weakness, suggests to me that we are in fact trying to break out, but seeing plenty of hesitancy.
Bitcoin remains quiet below $110K, holding $107K support, with upside limited until buyers push price toward the 50-day EMA and $117K.
Bitcoin drops toward key $106K support as strong US GDP data strengthens the dollar, with traders watching for a bounce or a deeper slide toward $100K.
Bitcoin bounced on Wednesday, holding above $110K support while facing resistance at $117K, as Wall Street ETF flows and shifting risk sentiment guide momentum.
Bitcoin is trying to find a little bit of strength and support in this general vicinity of $113,000. And the market breaking down the way it has only to turn around and form a bit of a hammer does suggest that perhaps we have a real shot at bouncing here. The 50 day EMA, of course, is just above.
Bitcoin eased near $117K before the FOMC, with Fed policy set to decide if BTC rallies toward $120K or forms a bearish lower high.
Bitcoin pulls back from $117K resistance, with traders eyeing $110K support and volatile moves ahead of this week’s central bank decisions.
Bitcoin (BTC) price is up 8% from its local lows to trade above $116,000 on Monday, fueled by anticipation of Federal Reserve rate cuts this week and robust institutional inflows.
Bitcoin remains steady above $110K and the 50-day EMA, with bulls eyeing $117K–$120K while $105K serves as critical long-term support.
Bitcoin is holding above $110K and the 50-day EMA, with bullish momentum targeting $117K–$120K while $108K remains key downside support.
Bitcoin remains stuck near $113,000 resistance, with traders weighing Fed rate cut risks against the potential for a grind higher toward $120,000.
Bitcoin gained on Monday but remains capped by the 50-day EMA and $110K, with buyers eyeing $117K–$120K if resistance breaks.
Bitcoin failed at the 50-day EMA near $113,200 after weak US jobs data sparked risk-off sentiment, leaving $110K and $108K as key supports.
Bitcoin hovers around $110K support ahead of NFP-driven volatility, with $113.3K as near-term resistance and $108K–$104K as key downside levels.
