Bitcoin markets got hit a bit during the trading session on Wednesday to reach below the $57,000 level.
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 was very quiet again during the trading session on Tuesday as we continue the overall consolidation.
Bitcoin markets have gone back and forth during the trading session on Monday as traders came back to work.
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The bitcoin markets continue to fail at the $60,000 level which is a bit surprising considering that the market had been in such a major bullish run until recently.
The bitcoin market has drifted a little bit lower during the trading session on Thursday in what would be best described as a very quiet session.
Bitcoin markets have fallen a bit during the opening hours on Wednesday, only to turn around and show signs of strength yet again.
Bitcoin markets rallied again during the trading session on Tuesday to reach towards the $60,000 level.
BTC/USD proved it has the ability to continue breaking record values in March and the month of April is ready to get kicked off as the value of the cryptocurrency is still strong.
Bitcoin markets have rallied quite significantly during the trading session on Monday as traders came back to work.
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The Bitcoin market dropped a bit during the trading session on Friday, only to turn around and bounce from the $50,000 level.
Bitcoin markets fell during the trading session on Thursday to reach all the way down towards the $50,000 level.
Bitcoin initially pulled back just a bit to test the support level underneath, and then turned around to show signs of strength yet again.
Bitcoin markets have initially fallen during the trading session on Tuesday but turned around to form a bit of a hammer.
The Bitcoin market has gone back and forth during the course of the trading session on Monday, to lose roughly 2% by the end of the session.
Bitcoin markets initially pulled back during the trading session on Friday but then shot higher as markets continue to look at cryptocurrencies as a way to get away from fiat currencies.