Bitcoin is at a Crossroads: Potential Price Rise Ahead?
Last week the price of Bitcoin went up within the range. Now, it is undergoing correction. The asset’s price might drop to the crossing point of the local downtrend and supporting level of 54000, rebound from these trendlines, and rise. So, let’s observe whether this scenario might work out.
The price of Brent oil has tested the broken neckline of the double bottom at the level of 75.70. Hence, the price of this asset might potentially rise soon. Although it could slightly drop and gain the required support in the zone formed between levels 71.50 and 72.50 and then only rise. Let’s observe what the next price movement of Brent oil might be.
The price of silver jumped high first. It is heading down right now. It might target the broken downtrend, rebound from it, and rise again soon. In this case, it would be important to follow the price movements around the broken downtrend to forecast the upcoming market sentiment.
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