BTC/USD has produced a rather dramatic week of results for speculators and more tests are likely to be demonstrated.
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 Bitcoin market rallied significantly during the trading session on Wednesday, bouncing from the crucial $30,000 level.
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The Bitcoin market fell again during the trading session on Tuesday to pierce the $30,000 level, the bottom of the most recent consolidation area, which has the $40,000 level as a massive resistance barrier.
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The Bitcoin market initially tried to rally during the trading session on Monday but fell yet again.
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The Bitcoin market fluctuated during the trading session on Friday as we continue to hover just above the $30,000 level.
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The bitcoin market has fallen during the course of the trading session on Thursday, as we continue to see a lot of negativity around the world.
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The Bitcoin market initially fell during the trading session on Thursday to reach down towards the 31,500 level before bouncing and forming a hammer.
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The Bitcoin market initially tried to rally during the trading session on Tuesday, but then broke down again as we continue to see bearish pressure in this market.
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The Bitcoin market initially tried to rally during the trading session on Monday, but again has found lackluster momentum to say the least.
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Bitcoin has pulled back a bit during the trading session again on Thursday to reach down towards the $33,000 level.
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The Bitcoin market rallied ever so slightly during the trading session on Wednesday as we continue to grind back and forth just below the $35,000 level.
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The Bitcoin market rallied during the trading session on Tuesday only to give back quite a bit of the gains and form a shooting star.
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Bitcoin got absolutely hammered during the trading session after initially trying to rally on Monday, as we have lost over $3000 rather quickly.
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Bitcoin fluctuated during the rather quiet trading on Friday, as most traders were paying close attention to the jobs number more than anything else.
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The Bitcoin market has initially tried to rally during the trading session on Thursday but gave back the gains rather rapidly
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