Get the bitcoin forecast for September 2, 2014 here.
Technical Analysis
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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Get the bitcoin forecast for September 1, 2014 here.
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Get the bitcoin forecast for August 28, 2014 here.
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Get the bitcoin forecast for August 27, 2014 here.
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Get the bitcoin forecast for August 26, 2014 here.
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Get the bitcoin forecast for August 25, 2014 here.
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Get the bitcoin forecast for August 21, 2014 here.
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Get the bitcoin forecast for August 20, 2014 here.
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Get the bitcoin forecast for August 19, 2014 here.
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BTC/USD on the daily charts has been in a very strong downtrend right from the time it has broken below the important support level at $556.
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Get the bitcoin forecast for August 14, 2014 here.
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In the last 24 hours, Bitcoin prices has hit new volatility levels unseen for a while, recording a drop of more than 3% to test levels as low as $570, before recouping marginally.
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BTC/USD on the daily charts broke below the lower end of the triangle formation which is seen as a bearish sign on the back of good volumes. Post the breakdown we see the next level of support for the digital currency at around $543.
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BTC/USD on the hourly charts has shown some momentum on the upside. It has resistance at $595 which is downward sloping trend line.
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After the volatility of last week, things settled back to much of July’s pattern, with BTC/USD on the hourly charts continued trading in a very narrow trading range as traders and investors still try to grapple with the future direction for the digital currency.
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