The BTC/USD has rallied ever so slightly during the trading session on Wednesday but we still see a lot of negativity and it certainly looks as if Bitcoin is threatening a major breakdown.
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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The BTC/USD has broken down to test the $1900 level, and it looks as if we are going to continue to see Bitcoin fall apart.
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The BTC/USD market has fallen a bit during the trading session on Monday, as we continue to see this market threaten to break down below a support level.
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The BTC/USD continues to struggle to gain any real traction.
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The BTC/USD continues to drop a bit as the market continues to see a lot of negativity.
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The BTC/USD has rallied slightly during the Wednesday session as we continue to go sideways around the $20,000 level.
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The BTC/USD has fallen a bit during the trading session on Tuesday, losing over 3%.
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The BTC/USD has been very quiet during the trading session on Tuesday as we continue to hang around the $21,000 region.
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Bitcoin has drifted a little bit lower during the trading session on Monday, losing 1%.
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The BTC/USD market has fallen significantly during the trading session on Friday, losing over 7% as the market is now approaching the $21,000 level.
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Bitcoin has drifted a bit lower again during the trading session on Thursday, as it looks like the cryptocurrency markets are simply killing time at this point.
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The Bitcoin market had initially tried to recover during the trading session on Wednesday.
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The BTC/USD currency pair pulled back a bit on Tuesday as we continue to see Bitcoin pullback from the crucial $25,000 level the $25,000 level.
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The BTC/USD currency pair initially rallied on Monday but turned around to give back those gains and show signs of weakness.
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The BTC/USD currency pair rallied ever so slightly on Friday as we continue to grind back and forth.
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