Bitcoin Forecast

Now it looks as if the market is still in its “wait-and-see” mode that it has been in for a while.

The bitcoin market rallied a bit during the course of the trading session on Thursday to reach towards the $40,000 level before pulling back a bit.

The Bitcoin markets rallied just a bit during the trading session on Wednesday to break above the top of the 200-day EMA yet again.

Bitcoin markets were a bit choppy during the trading session on Tuesday as we continue to sit at the 200-day EMA.

Bitcoin fell a bit during Monday's trading session only to turn around and show signs of life again.

The Bitcoin market fell a bit during the trading session on Friday to pierce below the 200-day EMA.

BTC/USD has continued to face headwinds as the month of June gets ready to start, and traders are being confronted by rather steady bearish conditions.

Bitcoin continues to sit just above the 200 day EMA, as we are looking at the 40,000 level through the prism of resistance.

The Bitcoin market rallied a bit during the trading session, but still struggles to get above the $40,000 level.

Volatility in Bitcoin remains extreme, which is what makes this asset class so striking.

The Bitcoin market went back and forth during the trading session on Tuesday as the market continues to hang around the 200-day EMA.

Bitcoin markets have bounced from the $30,000 level again during the day on Monday to show signs of stability again.

The Bitcoin market sold off rather drastically during the trading session again on Friday, although not as bad as it did on Thursday.

Bitcoin markets were a bit choppy during the trading session on Thursday as Janet Yellen suggested that perhaps more stringent IRS actions may be needed against crypto markets

Most of the move during the trading session on Wednesday was due to massive amounts of liquidation of levered positions in the Bitcoin market, as some traders had gotten far ahead of themselves.