Bitcoin Forecast: Gives Up Early Gains

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Bitcoin gives up early gains. Find out why Forex Bitcoin BTC Crypto

Enter your emailThe Bitcoin market has rallied a bit during the Monday session to show signs of a push to the upside, but we have also seen the market give up all of those gains to form a relatively negative candlestick.

. The market continues to look as if it is trying to figure out its next move, but it must be said that recently we have seen more upward momentum than down, and the fact that we have bounced from the 200 Day EMA also is a good sign. We are trying to figure out what happens next, and that might cause a little bit of noisy behavior in the short term. Whether or not we can take off to the upside is a completely different question, but it certainly looks as if we are trying to make that happen.

 

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