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 rallied slightly during the trading session on Wednesday as we continue to see a quiet rally form.
Bitcoin markets rallied again during the trading session on Tuesday, closing the end of the New York session close to the $4000 level.
Bitcoin markets rallied during the trading session on Monday, breaking above the $4000 at one point.
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Bitcoin rallied significantly during the trading session on Friday, but unlike many of the other rallies that we have seen lately, we actually kept the gains towards the end of the day.
Bitcoin rallied during the trading session on Tuesday, heading back towards the 50 day EMA, which is exactly where we fell from on Monday.
Bitcoin markets fell hard during the day on Monday to kick off the week, as we continue to see an overall negative bias.
The bitcoin market rallied slightly during the trading session on Friday, as we continue to dance around the 50 day EMA.
Bitcoin markets went back to doing nothing during the trading session on Wednesday, as we continue to dance around the 50 day EMA.
The bitcoin markets rallied a bit initially during the day but then rolled over slightly to essentially do nothing overall.
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Bitcoin initially tried to rally during trading on Monday as people return to their desks from the weekend, but as you can see we have rolled over and struggled at the $4200 level.
Bitcoin rallied a bit during the trading session on Friday, reaching towards the $4000 level.
Bitcoin rallied initially during the trading session on Thursday but found resistance again at the $4000 level.
Bitcoin rallied a bit during the trading session on Wednesday, as the US dollar got hit.
The bitcoin market rallied a bit during the trading session on Tuesday, matching the attitude of the Monday session as well.
Bitcoin markets rallied initially during the trading session on Friday but gave back the gains yet again.