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.
Bitcoin Forecast
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Bitcoin Forecast
The Bitcoin market drifted a little lower on Monday as we are looking at the $20,000 level as a potential support area yet again.
Bitcoin rallied during most of the trading session on Friday but gave back gains as we continue to see a bit of hesitation.
The Bitcoin market has rallied a bit during the trading session on Thursday as we continue to go sideways.
Bitcoin continues to hang around the $20,000 level, essentially doing nothing.
Bitcoin pulled back ever so slightly Tuesday as we continue to see a lot of nothingness, or what could be thought of as “Brownian motion.”
Bitcoin rallied a bit Monday, but pales in comparison to the massive selling that we had seen previously.
Bitcoin struggled again Friday after initially showing a bit of promise.
The Bitcoin market has fallen again during the trading session on Thursday to break back below the $20,000 level.
Bitcoin had a relatively quiet session on Wednesday as we are hanging just above the $20,000 level, an area that of course is a large, round, psychologically significant figure.
Bitcoin rallied to kick off the Tuesday session, but it broke down since the opening to show signs of weakness.
Bitcoin rallied a bit on Monday but then pulled back to show signs of exhaustion.
The Bitcoin market did very little on Friday, as we are hanging about the $21,000 level.
Bitcoin initially tried to rally during the trading session on Thursday but gave back gains yet again.
Bitcoin fell on Wednesday to reach the $20,000 level yet again.
Bitcoin rallied a bit on Tuesday as we continue to see a lot of noisy behavior.