Bitcoin Forecast

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.

Bitcoin markets tried to rally during the trading session initially on Monday but has rolled over just a little bit to show signs of exhaustion.

The Bitcoin market continues to be very choppy and sideways, but at this point we initially tried to rally during the day on Friday but has given back some of the gains later in the day.

Bitcoin markets continue to calm down, but this is a good sign as the market will continue to go back and forth in the huge orange box that I have marked on the chart.

Bitcoin: Bullish consolidation

The bitcoin market rallied significantly during the trading session on Tuesday as traders came back to work.

Bitcoin markets rallied quite nicely during Labor Day on Monday, as we have found a significant amount of support at the $9250 level.