Bitcoin Forecast
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BTC/USD has come off higher values seen earlier this week; speculators are now being confronted by headwinds and technical considerations.
BTC/USD is continuing to trade within the upper realms of its near-term range technically, speculations with a taste for adventure may find charts inviting.
After climbing to highs late last week, the USD/ZAR has reversed slightly lower in early trading this morning, but light volume could prove problematic.
BTC/USD rocketed higher late Tuesday on news that a U.S. Appeals court ruled against the SEC and opened the door for a potential Bitcoin ETF to emerge.
The BTC/USD market has rallied significantly during the trading session on Tuesday, getting over 7% as the JOLTS Jobs Openings in the United States came out with “only 8 million jobs listed”, instead of 9 million jobs.
After touching a low of nearly 25,350.00 on Tuesday and exhibiting a strong hint of price velocity, BTC/USD has managed to produce a reversal higher in the past day and a half.
BTC/USD has produced swift price velocity lower this morning, as mid-term support levels have proved vulnerable
The price range for BTC/USD this week has been rather bumpy, but after testing important support depths on Monday, Bitcoin has produced upwards movement.
BTC/USD is lingering slightly above the 29,000.00 level and behavioral sentiment is showing signs of being fragile in the short-term.
A hard consolidated and volatile price range for BTC/USD has emerged for speculators who frequently dream of catching the next big wave of upwards momentum in Bitcoin.
BTC/USD is trading above 30,200.00 as of this writing and readers are urged to check this against the market price as they glance at this article.
The BTC/USD market continues to consolidate, and after the recent surge toward the $30,000 level, there seems to be a little bit of hesitation.
BTC/USD is trading near the 24,900.00 ratios as of this writing with fast conditions producing impressive choppiness.
On Thursday, Bitcoin attempted to rally but encountered significant resistance and is now struggling to gain momentum.
The Bitcoin market took off to the upside, showing signs of positivity yet again, and at this point it’s likely that we continue to see a lot of buying pressure underneath.