Bitcoin Forecast

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.

Bitcoin markets broke down a bit during the trading session again on Wednesday, as we continue to see a lot of weakness in the cryptocurrency markets.

Bitcoin markets broke down a bit during the trading session on Tuesday, for the third day in a row.

The Bitcoin market broke down significantly during the trading session on Monday, making yet another attempt to reach below the $9800 level.

Bitcoin markets fell during the trading session on Friday, as we continue to see a bit of weakness creep into this market.

Bitcoin markets fell a bit during the trading session on Thursday but have recovered towards the end of the day.

The Bitcoin market has done nothing again during the trading session on Wednesday, which is very interesting considering that the Federal Reserve cut interest rates by 25 bps

Bitcoin markets have done very little over the last several days, simply following the 50 day EMA.

Bitcoin markets tried to rally initially during the trading session on Friday as we continue to see a lot of confusion and sideways chop overall.

Bitcoin markets rallied a bit during the trading session on Thursday as the ECB has cut interest rates and added liquidity to the market yet again.

Bitcoin did very little during the trading session on Wednesday, it’s likely that we continue to swing back and forth across the 50 day EMA.

Bitcoin, the largest and most influential cryptocurrency, is once again turning lower which has created the fourth lower high since June of this year.

The Bitcoin market has tried to rally again during the trading session on Tuesday but has also failed again.