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 fell a bit during the session on Friday, as we continue to see a bearish pressure. The market is below the $6500 level again, and I think that we are probably going to revisit the $6000 region.
Bitcoin markets rallied significantly during the day on Thursday, after initially looking a bit soft.
Bitcoin markets fell during the trading session on Wednesday, reaching down towards the $6000 level.
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Bitcoin continues to lose value on Tuesday, reaching down below the $6700 level again.
Bitcoin has fallen apart during the last couple of days, while Monday was rather quiet.
Bitcoin did very little during the trading session on Friday, losing about 0.7% by the time most American traders went home.
Bitcoin rallied slightly against the United States dollar during the trading session on Thursday, turning around to form a bit of a shooting star.
The bitcoin market rallied against the US dollar initially but found enough resistance at the 20 SMA on the Bollinger Band indicator to attract algorithmic trading to the downside.
The bitcoin market fell initially against the US dollar on Tuesday but turned around to form a bit of a hammer.
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The bitcoin markets fell significantly on Monday again, losing 3%. Bitcoin also fell against the Japanese yen as you can see, using the ¥850,000 level as resistance.
Bitcoin rallied slightly during the trading session on Friday, only to turn around and form a shooting star for the day.
Bitcoin rallied again during the day on Friday, after initially pulling back on Thursday.
Bitcoin markets fell again during the trading session on Wednesday, as we continue to see more of the same downward pressure that we have seen for some time.
Bitcoin rallied a bit during the day on Tuesday as traders in the United States came back from the Memorial Day celebration.
Bitcoin fell slightly during the trading session on Monday, but keep in mind that the Americans were away for the Memorial Day holiday.