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Bitcoin has initially rallied during the trading session on Monday, breaking above the $9000 level but has turned right back around to form a bit of a shooting star.
Bitcoin has had a very good session on Tuesday, breaking above the downtrend line that has been so prominent in this market.
Bitcoin has rallied slightly during the trading session on Monday to kick off the week, as we continue to bounce around the 200 day EMA.
Volatility has returned to the cryptocurrency market, and Bitcoin added over $2,000 from its December intra-day low of 6,386.75 to its current January intra-day high of 8,406.53
Bitcoin markets rallied a bit during the trading session on Friday, reaching towards the highs of the Thursday session.
Bitcoin spiked together with safe-haven assets like gold, as tensions between the US and Iran flared up.
Bitcoin ended up breaking lower during the trading session on Thursday, in a perfect selling opportunity based upon the shooting star from the Wednesday session
Bitcoin initially shot higher during the trading session on Wednesday, reaching towards the trendline marked on the chart and looking very much like a market that was trying to break out.
Bitcoin markets rallied a bit during the trading session on Monday as people came back to work, breaking above the 7500 level.
Bitcoin has rallied significantly during the trading session on Friday after the Americans killed an Iranian general, sparking a major “risk off” type of rally.
Bitcoin has broken down a bit during the trading session on Thursday as traders came back to work, continuing the overall negativity that we have seen for quite some time.
Bitcoin markets drifted a bit lower during the New Year’s Eve trading session, as we continue to juggle just below the $7250 level.
Bitcoin is positioned to extend its bearish chart pattern after price action was rejected by its short-term resistance zone.
Bitcoin has rallied a bit during the trading session on Monday, breaking above the $7250 level and even reaching above the $7500 level initially before pulling back and showing signs of exhaustion.
Bitcoin is very unlikely to do much during the remainder of the year, as we continue to hang around the $7200 level.