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 fell again during the session on Friday as we continue to see weakness in the crypto currency markets.
Bitcoin bounced around during the trading session on Thursday, as we are below the $8000 level rather solidly.
Bitcoin markets fell again on Wednesday, crashing through the $8000 support level.
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Bitcoin fell again against the US dollar, losing over 2% during trading on Tuesday.
Bitcoin tried to rally on Monday against the US dollar but then fell towards the $8350 level.
Bitcoin markets rallied slightly during the Friday session, bouncing from the $8000 level, which of course has been an area that has been supportive.
Bitcoin fell against the US dollar during the session on Thursday, reaching down to the bottom of the hammer from the previous session.
The bitcoin markets were choppy during trading on Wednesday, breaking below the $8400 level, reaching down to the $8100 level after that, bouncing again towards $8400, and then breaking back down before bouncing at the end of the day.
Bitcoin markets initially tried to rally during the day on Tuesday but found the $9000 region to be a bit too resistive.
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Bitcoin fell against the US dollar initially during trading on Monday but found enough support near the 8300 level to turn around and form a hammer.
The Bitcoin markets fell against the US dollar during trading on Friday, leaving the $9000 level behind.
Bitcoin markets initially tried to rally on Thursday, but then fell towards the $9100 level. I think that the $9000 level continues to offer support though, and that extends down to the $8800 level.
The Bitcoin market initially fell against the US dollar on Wednesday but found enough support near the $9000 level to turn around and form a positive candle.
The Bitcoin markets fell against the US dollar at the open on Tuesday, as it looks like we are testing the $9000 level underneath for support again.
Bitcoin markets had a very negative session initially on Monday but have found a bit of support near the vital $9200 level.