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 markets did very little during the trading session on Thursday as we continue to dance around and look for some type of directionality.
Bitcoin markets initially tried to rally during the trading session on Wednesday but then turned around to fall pretty significantly.
Bitcoin markets fell a bit during the trading session on Friday, as we did see a bit of a “risk off” move in general.
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Bitcoin markets rallied again during the trading session on Thursday, which would have been very thin trading due to the Independence Day holiday in the United States.
Bitcoin markets rallied during the trading session on Thursday, breaking the top of the hammer from the Tuesday session.
The bitcoin markets initially fell during the trading session on Tuesday but found enough support at the previous uptrend line from the top of the channel to turn things around.
Bitcoin rallied significantly during the trading session on Friday, gaining roughly 15% by the time the market started to close.
If you been watching my videos here at Daily Forex, you know I’ve been talking about how this market has gone far too parabolic, and that it would be relatively soon that we would see a loss of more than 10% in a single day.
The Bitcoin market is now parabolic and looking very dangerous to say the least.
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Bitcoin markets rallied a bit during the trading session on Tuesday, breaking above the $11,000 level and perhaps even more important breaking above the highs from the previous session.
Bitcoin rose yet again during the trading session on Monday, as we are well above the $10,000 level now.
Bitcoin rallied just a bit during the trading session on Thursday, as we continue to see a bit of a “risk on” move, as the US dollar has gotten hammered after the dovish Federal Reserve.
Looking at the Bitcoin chart, it’s easy to suggest that not much happened during the trading session on Wednesday.
Bitcoin markets went back and forth during the trading session on Tuesday, as we reached towards the $9200 level.
Bitcoin rallied significantly during the trading session on Monday, not only breaking above the $9000 level but also breaking higher by 10%.