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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The bitcoin market has rallied slightly during the trading session on Friday, as buyers came in and defended the $50,000 level.
Bitcoin markets got hammered during the trading session on Thursday as Elon Musk has reversed previous acceptance of Bitcoin as payment for Tesla automobiles.
Bitcoin markets initially tried to rally during the trading session on Wednesday but yet again found the market lackluster at best.
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Bitcoin markets fell initially to kick off the Tuesday session, but as we have seen multiple times, buyers have come back in to pick up the market and go sideways in general.
The Bitcoin market rallied a bit to kick off the trading session on Monday, but also gave back all of this gains to show a slightly negative attitude.
The Bitcoin market saw bullish pressure during the trading session on Friday to end the week, as the jobs number came out at just 266,000 jobs added for the month of April, much lower than the consensus of 1 million.
The bitcoin markets initially tried to rally during the course of the trading session on Thursday but then gave back the gains to show signs of exhaustion.
The Bitcoin market initially pulled back towards the 50-day EMA underneath, as we have seen a proclivity of this market to respect it.
The Bitcoin market fell during the trading session on Tuesday day to reach down towards the 50-day EMA, the most common indicator that a lot of trend traders use in the Bitcoin market.
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Bitcoin went back and forth during the trading session on Monday as traders continue to push this market higher.
The Bitcoin market bounced rather hard during the trading session on Friday as the 50-day EMA has offered support.
Bitcoin: Speculators Disappointed by BTC/USD Price Action?
The bitcoin market initially tried to rally during the training session on Thursday but has fallen again after we ended up forming a bit of a shooting star for the previous session.
Bitcoin markets went back and forth during the trading session on Wednesday as we saw plenty of volatility awaiting the Federal Reserve decision.
The Bitcoin market has broken significantly during the trading session on Tuesday again to clear the 50-day EMA.