The Bitcoin market fell a bit in the early hours on Tuesday, but at this point in time, the market is looking to rally a bit. It has been strong since the bounce at the 50 Day EMA earlier.

The Bitcoin market initially pulled back just a bit during the early hours on Tuesday, but then turned around to show signs of life again. By doing so, the market looks like it is trying to do everything it can to continue to recover, and I also think you have to understand that this is a market that has just bounced from the 50 day EMA. And that in and of itself probably will cause technical traders to jump in.

After all, the $93,500 region has been supported a couple of times in the past now, and I think we are going to try to rally and raise towards the $100,000 level. If we can break above there, then that would obviously be a bullish sign. Overall, I think we're in the midst of trying to sort out the next range for Bitcoin, and right now it looks like the $90,000 level underneath will be a major floor.