Bitcoin Forecast

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.

Bitcoin initially did try to rally a bit during the early hours on Monday, but it appears that the $67,000 level held its market memory and offered resistance.

Bitcoin has fallen just a bit during the early trading session on Thursday but it appears that we continue to hang on to the $67,000 level.

Bitcoin has been fairly negative during the trading session, but it looks like we are still hanging around the $67,000 level for support.

Bitcoin continues to hang around the $67 level and I think this is an area where we have seen a lot of problems.

Bitcoin has stalled a little bit at the $66,000 level, which is an area that has been important previously.

Bearish momentum seems to have slowed and faded away.