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 went back and forth during the trading session on Monday, as we continue to see a lot of questions asked of crypto at the moment, especially as the Friday session was so horrific. At this point, the market is likely to continue to look at the 50 Day EMA with suspicion, and if we continue to struggle in that area, I think it makes a certain amount of sense that we hang out in this area.
Bitcoin initially attempted to rally during the session on Friday but gave back gains rather quickly in order to show signs of negativity. We have plunged below the $120,000 level, which of course is a large, round, psychologically significant figure, and of course where we had bounce from during the previous session. Now that we have broken down below that candlestick, it does show a lot of negativity, and you have to look at it through the prism of a market that is panicking due to the idea of the United States and China increasing sense. After all, that puts quite a bit of pressure on risk appetite in general, and I think we will continue to see that be the case.
Bitcoin faced a sharp pullback on Thursday, testing key support at $120,000 as US dollar strength pressured risk sentiment across crypto markets.
Daily Forex, this is Chris taking a look at Bitcoin. Bitcoin has rallied a bit during the early hours here on Wednesday as we continue to see a lot of volatility in this market. Ultimately, this is a market that I think continues to see a lot of buy on the dip behavior. And I will be the first to admit that the market is likely to continue to see plenty of people willing to get involved.
The Bitcoin market was rather ugly during the trading session on Tuesday as the $125,000 level has offered massive resistance. Ultimately, this is a market that I think, given enough time, we probably find buyers looking for some type of value. And it's possible that we could go looking to the $120,000 level. The $120,000 level is a large, round, psychologically significant figure that probably has a bit of market memory. If we break down below there, then the $117,500 level could come into the picture to offer support as well.
Bitcoin rallied again during the trading session on Monday, as we are now well above the $125,000 level. The $125,000 level is a large, round, psychologically significant figure that caused a bit of a headache over the weekend, but ultimately, I think we’ve got a situation where Bitcoin continues to go higher. If we pull back from here, the $120,000 level is a potential support level, followed by the $117,000 level, as it has been important multiple times.
Bitcoin (BTC) has shattered its previous all-time high, surging to a record $125,725 on Sunday amid renewed institutional inflows and seasonal tailwinds.
Bitcoin initially fell on Friday, only to turn around and show signs of life again. We are hanging on to the $120,000 level, which of course is a large, round, psychologically significant figure, and an area that a lot of people will be paying close attention to. This is an area that has been important multiple times in the past, and it’s likely that we will continue to see this market offer a lot of bullish pressure on dips, extending all the way down to the $117,000 level, an area that was short term resistance.
Bitcoin extends gains toward $124K. While volume is lighter, buyers eye new highs. Pullbacks near $117K remain attractive entry points for bulls.
Crypto markets sprang back to life in the lead-up to October, following a two-week pullback that had many saying, “I told you so,” regarding the possibility of a “Red September.” After bottoming out near $108,600 last Friday, Bitcoin (BTC) bulls went to work to ensure King Crypto finished the month in the red, ultimately sparking a late-September rally that resulted in a monthly gain of 6.34%.
Bitcoin rallied on Wednesday as we continue to see a lot of noise in the financial markets. The Bitcoin market has been of interest as of late, as we have seen 3 of the 4 last candles show green, and a large range is on top of that. With that being said, we are testing a major resistance barrier that is worth noting near the $117,000 level. The $117,000 level is an area that’s been important multiple times, but it looks like we are slamming into that and it’s also worth noting that even though the fact that we broke above there at one point during the session, and then turned around to show signs of weakness, suggests to me that we are in fact trying to break out, but seeing plenty of hesitancy.
Bitcoin remains quiet below $110K, holding $107K support, with upside limited until buyers push price toward the 50-day EMA and $117K.
Bitcoin drops toward key $106K support as strong US GDP data strengthens the dollar, with traders watching for a bounce or a deeper slide toward $100K.
Bitcoin bounced on Wednesday, holding above $110K support while facing resistance at $117K, as Wall Street ETF flows and shifting risk sentiment guide momentum.
Bitcoin is trying to find a little bit of strength and support in this general vicinity of $113,000. And the market breaking down the way it has only to turn around and form a bit of a hammer does suggest that perhaps we have a real shot at bouncing here. The 50 day EMA, of course, is just above.
