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.
Most Recent
BTC/USD is trading in a narrow range with positive bias after opening at $476.58 it went down all the way till $459.84 before rebounding to currently trade at $476.58 .
BTC/USD opened higher in today’s trading session before quickly posting a fall to $462.69 after Bulls had something to cheer on the increase of volumes in yesterday’s trading session.
BTC/USD continues to trade down and in a narrow range. It is currently trading in a very narrow range of $466 to $483 with immediate support pegged at $463.77 and resistance at $500 levels which is also psychological level which traders would be watching.
Get the bitcoin forecast for September 4, 2014 here.
Get the BTC/USD analysis for September 3, 2014 here.
Get the bitcoin forecast for September 2, 2014 here.
Get the bitcoin forecast for September 1, 2014 here.
Get the bitcoin forecast for August 28, 2014 here.
Get the bitcoin forecast for August 27, 2014 here.
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Get the bitcoin forecast for August 26, 2014 here.
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BTC/USD on the daily charts has been in a very strong downtrend right from the time it has broken below the important support level at $556.