Bitcoin markets have gone back and forth on Tuesday as we continue to try and digest gains from the massive move higher.
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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Bitcoin has initially pulled back on Monday, but then found the $60,000 level to be psychologically important enough to turn this thing around.
The Bitcoin market fell a bit on Friday to go looking towards the $60,000 level.
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The Bitcoin market has pulled back significantly during the trading session on Thursday, for the first time in what seems like a lifetime.
The Bitcoin market rallied significantly on Wednesday to reach above the $66,000 level.
The Bitcoin market rallied again to break above the $63,000 level on Tuesday to show just how bullish the market is.
BTC/USD speculators are in the midst of an exciting flurry of activity as they watch the cryptocurrency trade within sight of all time record highs.
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.
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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.