BTC/USD Forecast: Bitcoin Gives Back Gains

  • Bitcoin markets initially tried to rally during the trading session on Thursday but then gave back gain.
  • The market should pay close attention to the $24,000 level above, as it is a large, round, psychologically significant figure.
  • The 50 Day EMA underneath offers quite a bit of support and is starting to curl higher, so I think that given enough time it’s difficult to imagine that there won’t be at least some type of technical support there.

Steve Walker

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