Bitcoin Forecast

Bitcoin had an explosive move to the upside during the trading session on Friday.

In my daily Bitcoin analysis, I have to admit that I am focusing on the $67,000 level, an area that's been important more than once.

I am recognizing that we are very close to some type of major break out.

The Bitcoin market has struggled on Wednesday to maintain any type of momentum.

The bitcoin market initially fell during the trading session on Tuesday.

I can see that we still have no idea what to do with this so-called asset at this point in time.

It’s hard not to notice that the same area has been offering support over the last several days.

Bitcoin initially plunged during the trading session on Friday, breaking well below the $56,500 level, which was where we had the significant pullback to.

Bitcoin has fallen a bit against the US dollar during the trading session on Thursday as we continue to see a lot of negativity.

I recognize that bitcoin has been building up a bit of support just above the $60,000 level.

In today’s BTC/USD forecast I see price as basically consolidating, perhaps trying to find a floor ahead of a major announcement.

Bitcoin has been all over the place during the trading session on Wednesday, as we are trying to determine whether or not the market did successfully support the $60,000 level.

Bitcoins hammered on Monday. We've dropped over 3%.

Bitcoin initially tried to rally during the trading session on Thursday but has given back all of those gains near the 50 day EMA and just plummeted.

Bitcoin fell rather hard during the trading session on Tuesday, as we are now below the crucial $65,000 level as I record the video.