Bitcoin Forecast

The Bitcoin market bounced significantly on Tuesday as we have used the 200-day EMA as support again.

The Bitcoin market rallied initially on Monday, but then turned around to show signs of weakness.

Bitcoin markets fell a bit on Friday but found enough support just above the 40,000 level to turn around and sit right at the 200 day EMA.

The Bitcoin market has fallen just a bit during the trading session on Thursday as we continue to trade back and forth overall.

Bitcoin markets bounced a bit from the 200-day EMA to show signs of stability, which is exactly what we need at this point.

The Bitcoin market initially poked above the $50,000 level to kick off Monday, but then got hammered to reach down towards the 200-day EMA.

The Bitcoin market initially tried to rally on Friday but gave back gains as we continue to see crypto get hit right along with everything else.

The Bitcoin market continues to underperform a lot of other crypto assets, breaking below the $50,000 level.

The Bitcoin market dipped ever so slightly on Wednesday but found support underneath to turn things back around.

The Bitcoin market rallied a bit on Tuesday but gave back the gains to form a bit of an inverted hammer.

The Bitcoin market broke down significantly over the last couple of days, crashing all the way to the 200-day EMA which is closer to the $47,000 level.

BTC/USD has stumbled rather dramatically from the 59,100.00 price it was trading on the 1st of December and this weekend’s flash crash has created more tension.

The Bitcoin market pulled back a bit on Friday as we continue to see more “risk off” behavior around the world.

Bitcoin fell on Thursday to show signs of weakness, as the market has reached towards the 56,000 level only to turn back around.

Bitcoin markets rallied on Wednesday to show signs of consolidation yet again, as we sit just below the crucial and structurally important $60,000 level.