Bitcoin Forecast

The Bitcoin market has pulled back just a bit during the trading session on Thursday as we continue to see a lot of noisy behavior in general.

Bitcoin recovered quite nicely on Wednesday, gaining a little over 5% as the bottom looks to be trying to hold.

Bitcoin has rallied a bit during the course of the trading session on Tuesday to break above the top of the hammer that was printed on Monday.

Bitcoin markets fell again on Friday, as Bitcoin reached towards the crucial $40,000 level.

The Bitcoin market has reached towards the $43,000 level on Thursday, as we have broken down rather significantly.

Bitcoin rallied a bit on Tuesday as we continue to use the 200-day EMA as a bit of a magnet for price.

Bitcoin initially tried to rally on Monday, but as you can see, we continue to see resistance just above.

The Bitcoin market did very little on Wednesday as we continue to hang about the 200 day EMA.

Bitcoin fell a bit on Tuesday, pulling back from the $51,000 level.

Bitcoin initially dipped lower on Monday to reach below the $50,000 level but turned around to show signs of life and break above the $51,000 level.

If you have been following me here at DailyForex as of late, you know the thing that I wanted to see was Bitcoin taking out the $51,000 level.

Bitcoin markets dropped a bit to kick off the trading session on Thursday, but then turned around to recover all of those losses.

The Bitcoin market initially tried to rally on Wednesday but gave back the gains a bit.

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.