Bitcoin initially tried to rally during the trading session on Thursday, but it continues to see a lot of volatility as the $72,000 level is the beginning of pretty significant resistance. The 50-day EMA sits just below and therefore should be paid close attention to. I also recognize that this is a market that is working in an environment that of course has been very trying to say the least. That being said, what I have also noticed and perhaps this is the most important part is that the market has been forming a larger bottoming pattern despite the fact that the geopolitical situation remains dire to say the least. ... (full story)