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 initially tried to rally during the trading session on Monday but as we have seen so many times, simply rolled over and started to sell off yet again.
Bitcoin markets rallied a bit during the trading session on Friday and what would have been very light trading overall, as Americans are still focusing on the Thanksgiving holiday.
Bitcoin has been getting battered over the last couple of weeks, and at this point I expected to see some type of bounce due to the fact that we had formed a couple of hammers
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Bitcoin has broken down a bit during the trading session on Monday to show signs of weakness yet again, but we have bounced enough to form a bit of a hammer.
Bitcoin has gotten hammered again during the trading session on Friday, breaking down below the support that we had been seeing for some time.
Bitcoin markets have fallen again during the trading session on Thursday, reaching down towards the $7600 level.
Bitcoin continues to look very anemic, as we initially tried to rally during the trading session on Wednesday but gave back the gains
Bitcoin keeps marching to the downside and briefly dipped below the $8,000 level.
Bitcoin markets continue to show negativity in general, as the crypto currency markets overall have seen a lot of selling pressure.
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Bitcoin has initially tried to rally during the trading session on Monday, but then rolled over again as we continue to see a lot of negativity.
The Bitcoin market fell a bit during the trading session on Thursday again, as we continue to see a lot of lackluster trading.
Bitcoin has gone back and forth during the trading session on Wednesday, showing signs of lackluster trading.
The bitcoin market has gone back and forth during the trading session on Tuesday, as we have shown a lot of volatility and therefore it’s likely that the market will continue to see a lot of choppiness more than anything else.
Following the brief spike higher which led to the 4th best daily gain in Bitcoin’s history, bearishness has returned
Bitcoin fell during the trading session on Friday, breaking below the 50 day EMA.