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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Bearish momentum seems to have slowed and faded away.
Bitcoin fell a bit in the early hours on Tuesday as we continue to see a lot of noise.
Bitcoin has rallied pretty significantly during the early hours on Monday as we continue to see a lot of support near the $60,000 level.
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Bitcoin initially tried to rally during the trading session on Friday but has since fallen apart.
Bitcoin pulled back just a little bit during the trading session on Thursday, as we continue to look at the $60,000 level as a potential support level.
Bitcoin has drifted a little bit lower during the early hours on Wednesday, as we continue to see interest rates in the United States cause issues for crypto in general.
The Bitcoin market initially tried to rally during the trading session on Tuesday, only to turn around and show signs of weakness.
BTC/USD has lost more than six thousand USD in the past two and a half days of trading.
Bitcoin initially did try to rally a bit during the trading session on Tuesday, but since then has plunged lower.
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Bitcoin fell a bit during the trading session on Monday and we have dropped below the 50 day EMA.
Bitcoin fell a bit during the trading session on Friday, but it still looks fairly well supported just above the 50 day EMA.
Bitcoin initially did rally a little bit during the trading session on Wednesday.
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Bitcoin has gone back and forth during the early hours on Tuesday as we continue to see the market look somewhat consolidation based.
Bitcoin continues to power higher during the Monday session as it looks like we are willing to step in and continue the overall consolidation.
The bitcoin market has been all over the place during the trading session on Friday.