Bitcoin Forecast

Bitcoin markets have done very little during the trading session on Thursday, as we hover around the $7450 level, and at the bottom of the huge red candle that made up the Wednesday session.

Bitcoin markets fell again during the trading session on Wednesday, as we continue to see a lot of negativity in the crypto markets.

Bitcoin markets have done very little of the last couple weeks, which is quite typical of Bitcoin for long periods of time.

Bearish momentum has been depleted since BTC/USD dropped below the 8K mark.

Bitcoin markets initially tried to rally a bit during the day on Friday but continue to see the 200 day EMA bring out sellers.

While Bitcoin has dragged down the overall cryptocurrency market, Ripple managed to outperform as solid fundamental overcame peer pressure.

Bitcoin has finally broken through the uptrend line and rolled over through the 200 day EMA.

Bitcoin initially tried to rally during the day on Tuesday but then broke down a bit again.

Bitcoin markets did very little during trading on Monday, but in all fairness it was Columbus Day in the United States.

The Bitcoin market try to rally during the trading session on Friday but gave up the gains and rollover back towards the 200 day EMA yet again.

After a breakout sequence which took BTC/USD out of its support zone and above its 38.2 as well as 50.0 Fibonacci Retracement Fan Resistance Levels

The bitcoin markets did very little during the trading session on Thursday, hanging about the $8500 level.

Bitcoin markets rallied during the trading session on Wednesday, launching from the 200 day EMA and even managed to break above the $8500 level.

Bitcoin markets have done very little over the last couple of weeks, as they tend to grind sideways at times.

Bitcoin continues to do very little, as the Friday session was quiet as well.