Bitcoin Forecast

Bitcoin markets followed a sideways pattern over the last couple of days after forming a very parabolic move.

Bitcoin markets pulled back just a bit on Tuesday to show hesitation, which is a good thing considering we have been so parabolic recently.

Bitcoin broke higher on Monday again, reaching towards the $57,500 area.

The Bitcoin market rallied a bit on Friday only to turn around and show signs of exhaustion.

The Bitcoin market has gone straight up in the air for several days in a row, but the Thursday session was rather quiet.

BTC/USD has managed to create a powerful upwards climb that is brushing aside resistance levels with bold upward strokes in value.

Bitcoin rallied significantly on Wednesday to break above the $52,500 level quite decisively.

The Bitcoin market rallied a bit on Tuesday, gaining ever so slightly to break above the $50,000 level.

The Bitcoin market rallied a bit on Monday as we continue to try to break to the upside.

Bitcoin rallied significantly on Friday to show extreme strength again, as we find ourselves testing the $48,000 level.

The Bitcoin market has rallied during the trading session on Thursday to go looking towards the 50 day EMA.

Disappointing Trading Month as Reversal Lower Occurs

The Bitcoin market rallied just a bit on Wednesday but gave back the gains to drift towards the $41,300 level again.

Bitcoin markets initially tried to rally on Tuesday but then gave back gains yet again to show signs of exhaustion.

Bitcoin markets have gone back and forth during the trading session yet again on Monday, as we continue to see a lot of noisy and choppy behavior.