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 markets again did very little during trading on Monday, as we are positive by three dollars as I record this.
Bitcoin markets fell during the trading session on Friday, reaching down towards the $6400 level.
Bitcoin markets drifted a bit lower during trading on Thursday, as the crypto currency markets continue to be very choppy and sideways from a longer-term standpoint.
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Bitcoin markets did rally a bit overnight, but most of the session on Wednesday was rather quiet although above the $6500 level.
Bitcoin markets rallied slightly during the trading session on Tuesday, reaching towards the $6450 level.
The bitcoin market has fallen again during trading on Monday after initially trying to reach towards the $6450 level before rolling over.
Bitcoin markets were very choppy during the trading session on Friday, as we continue to do very little.
Bitcoin did nothing during the day on Thursday, as we continue to see a severe lack of momentum in either direction.
The bitcoin market had a volatile session in a very tight range during trading on Wednesday.
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Bitcoin markets did very little again during the trading session on Tuesday, as we continue to dance above major support.
The bitcoin market fell slightly during the trading session on Monday, as we continue to see a lack of movement overall.
Bitcoin did very little again during the day on Friday, as we continue to hover around the $6500 level.
Bitcoin markets continue to do very little during the day, and it looks very likely that we are entering a sideways market.
Bitcoin continued to do nothing during the day on Wednesday, as the $6600 level was the fulcrum for price.
Bitcoin continues to do very little during the day as markets are essentially flat. We are following a very flat 50 EMA on the daily chart, as the market simply has nowhere to be.