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 Bitcoin market initially pulled back on Monday to sit just below the $60,000 level before turning around and showing life again.
Bitcoin rallied rather significantly on Friday to break above the $60,000 level.
Bitcoin markets rallied initially during the session on Thursday but gave back gains in order to fall back into the previous consolidation area.
Bitcoin markets followed a sideways pattern over the last couple of days after forming a very parabolic move.
Bitcoin markets pulled back just a bit on Tuesday to show hesitation, which is a good thing considering we have been so parabolic recently.
Bitcoin broke higher on Monday again, reaching towards the $57,500 area.
The Bitcoin market rallied a bit on Friday only to turn around and show signs of exhaustion.
The Bitcoin market has gone straight up in the air for several days in a row, but the Thursday session was rather quiet.
BTC/USD has managed to create a powerful upwards climb that is brushing aside resistance levels with bold upward strokes in value.
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Bitcoin rallied significantly on Wednesday to break above the $52,500 level quite decisively.
The Bitcoin market rallied a bit on Tuesday, gaining ever so slightly to break above the $50,000 level.
The Bitcoin market rallied a bit on Monday as we continue to try to break to the upside.
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Sign up to get the latest market updates and free signals directly to your inbox.Bitcoin rallied significantly on Friday to show extreme strength again, as we find ourselves testing the $48,000 level.
The Bitcoin market has rallied during the trading session on Thursday to go looking towards the 50 day EMA.
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