Bitcoin markets rallied a bit during the trading session on Monday, breaking above the $4000 level.
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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 markets rallied a bit during the trading session on Wednesday, reaching as high as $4000.
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Bitcoin rallied significantly during the trading session on Monday, showing signs of strength based upon the candlestick.
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Bitcoin markets fell again during the trading session on Thursday, after initially trying to rally.
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Bitcoin markets fell again during the trading session on Wednesday, as we continue to see sellers jump in and punish the crypto currency markets.
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Bitcoin markets fell back below the $4000 level after initially rallying during the day on Tuesday.
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Bitcoin markets broke down again during the day on Monday after trying to rally over the weekend.
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The bitcoin markets broke down a bit during the trading session again on Friday as we continue to see a lot of resistance at the $4500 level.
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Bitcoin markets tried to rally initially during the trading session on Thursday, but as you can see the area that I have marked on the chart has offered resistance at roughly $4500,
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The bitcoin market rallied rather significantly during the Wednesday session, as the US dollar got hammered.
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Bitcoin did very little on Tuesday as we continue to hang below the $4000 level.
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Bitcoin broke down significantly during the trading session on Monday, slicing through the $4000 level.
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Bitcoin markets fell again during the day on Friday going into the weekend, as we are touching $4200 as I record this.
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Bitcoin did almost nothing during the trading session on Thursday, not much of a surprise considering that the market is probably a bit exhausted from breaking through massive support,
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The bitcoin markets ended up relatively unchanged during the day on Wednesday, as we are hanging about below the $5000 level.
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