Bitcoin Forecast

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.

The BTC/USD market has rallied a bit during the trading session on Thursday, as we are now threatening the $25,000 level.

BTC/USD took off during the trading session on Wednesday, gaining just a bit under 7%.

Bitcoin price diverged from American stocks even as concerns about inflation and regulations continued.

Bitcoin has fallen a bit during the trading session on Monday, to test the 200-Day EMA.

Bitcoin has fallen rather hard during the trading session on Wednesday, as we continue to see a lot of hesitation up near the $23,000 region.

Bitcoin has risen slightly on Tuesday, as we continue to wait for some type of momentum to come back into the market and determine the overall direction.

Bitcoin price moved sideways on Tuesday as the market pondered the next action plan by the Federal Reserve following the strong jobs numbers on Friday.

The BTC/USD didn’t do much during the training session on Friday as we continue to hover right around the $23,500 level.

The BTC/USD market has rallied a bit during the trading session on Thursday as we continue to see US dollar weakness overall.

The BTC/USD market has recently rallied quite nicely during the past couple of weeks, but now that we are consolidating.