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 went back and forth on Tuesday as we continue to churn just below the $46,000 level.
The Bitcoin market has rallied a bit during the Monday session to show signs of a push to the upside, but we have also seen the market give up all of those gains to form a relatively negative candlestick.
The Bitcoin market has fallen a bit on Friday to pierce the $45,000 level, and then test the 200-day EMA.
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Bitcoin has pulled back a bit during the trading session on Thursday as we have gotten a bit overextended.
The bitcoin markets have pulled back ever so slightly during the trading session on Wednesday but have also found buyers underneath to push the market higher.
Bitcoin pulled back just a bit on Wednesday but found plenty of buyers underneath the turn things around.
Bitcoin broke above the crucial 200-day EMA, and perhaps more importantly, the $45,000 level.
Bitcoin markets rallied a bit on Friday to test the crucial $45,000 level.
Bitcoin has rallied during the trading session on Thursday to reach the 200 Day EMA.
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Bitcoin initially fell on Wednesday to reach down towards the 50-day EMA.
The Bitcoin market rallied on Tuesday, something that it has been struggling to do over the last several sessions.
Bitcoin pulled back from the 50-day EMA indicator on Monday, as we have seen a lot of volatility in this market.
Bitcoin markets initially pulled back towards the $40,000 level on Friday before bouncing and reaching towards the 50-day EMA.
Bitcoin has pulled back slightly during the trading session on Thursday as we got fairly close to the 50 Day EMA.
Bitcoin has initially tried to rally during the trading session on Wednesday but gave back gains as we reached the 50 Day EMA.