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 market rallied again during the trading session on Friday, to complete a bit of a rounding pattern for the week.
Bitcoin was relatively quiet during the trading session on Thursday, which isn’t much of a surprise considering that the markets had been so noisy over the last couple of days.
Bitcoin rallied during the trading session on Wednesday, gaining 8%.
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Bitcoin markets broke down again during trading on Tuesday, piercing the $6000 level but finding a little bit of support in that area on the short-term charts.
Bitcoin continues to struggle overall, although we did gain 0.85% at the time of writing.
Bitcoin markets fell during the trading session on wiping out about half of the gains from Thursday.
The bitcoin markets rallied a bit during the trading session on Thursday but did not overtake the selloff from the previous session on Wednesday.
Bitcoin markets got hammered again during trading on Wednesday, in somewhat of a broken record.
Bitcoin rallied slightly during the trading session on Tuesday, reaching towards the $7100 level.
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Bitcoin fell again during trading on Monday, as we continue to see sellers jump into this market.
Bitcoin continues to struggle overall, but we did see a nice recovery during the day on Friday.
Bitcoin fell again during the trading session on Thursday, reaching below the $7500 level one point.
Bitcoin markets fell again during the day on Wednesday, reaching towards the $7500 level.
The Bitcoin markets continued to see selling on Tuesday, as we have been seeing a bit of exhaustion.
Bitcoin markets drifted a little bit lower during the trading session on Monday, breaking below the $8000 level.