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Bitcoin has finally broken through the uptrend line and rolled over through the 200 day EMA.
Bitcoin initially tried to rally during the day on Tuesday but then broke down a bit again.
Bitcoin markets did very little during trading on Monday, but in all fairness it was Columbus Day in the United States.
The Bitcoin market try to rally during the trading session on Friday but gave up the gains and rollover back towards the 200 day EMA yet again.
After a breakout sequence which took BTC/USD out of its support zone and above its 38.2 as well as 50.0 Fibonacci Retracement Fan Resistance Levels
The bitcoin markets did very little during the trading session on Thursday, hanging about the $8500 level.
Bitcoin markets rallied during the trading session on Wednesday, launching from the 200 day EMA and even managed to break above the $8500 level.
Bitcoin markets have done very little over the last couple of weeks, as they tend to grind sideways at times.
Bitcoin continues to do very little, as the Friday session was quiet as well.
Bitcoin markets rallied a bit initially during the trading session on Thursday but found enough resistance near the highs of the last couple of days to roll over yet again.
Bitcoin markets have gone sideways for several days in a row, as we continue to dance around the 200 day EMA.
Bitcoin markets initially rallied during the trading session on Tuesday, but then rolled right back over at the top of the short term range that the market had been in.
Bitcoin markets were slightly negative during the trading session on Friday, as we are just below the 200 day EMA.
Bitcoin markets tried to rally to kick off the trading session on Thursday but as you can see on the chart we have sliced through the 200 day EMA.
On Monday the Bakkt physically-backed futures contracted started to trade and received a lackluster welcome with depressed trading volume.