Bitcoin has had a rather quiet session on Thursday as we continue to hang around the crucial $40,000 level. The $40,000 level course will attract a lot of attention and therefore I think is going to be difficult to overcome. Just above the $40,000 level, we also have the 50-Day EMA indicator coming into the picture, so that comes with its own set of problems as well. That being said, if we can break above the 50-Day EMA, then it is likely that we could you look into the $4200 level, and then of course the 20-Day EMA. Breaking above that then opens up the possibility of going even higher, perhaps reaching the $47,500 ... (full story)