Bitcoin Analysis: Potential Price Rise Ahead
Bitcoin has tested the supporting level of 25000. Currently, the asset’s price is trying to jump. It broke the local downtrend to rise without obstacles. Bitcoin might not only break the resistance level of 29000 but also hit the level of 30000 next. So, let’s observe whether it might happen.
Gold broke the supporting zone formed between levels 1900 and 1913 and dropped. The price of gold might potentially gain the required support at the level of 1815, which is located next to the opposite boundary of the downtrend. In this case, it would be important to follow the price movements and candlestick formations next to this support to predict the potential outcome.
Brent oil is heading up. However, it is also undergoing correction now. The asset’s price might rise and approach the uptrend and supporting level of 89.00. Oil is likely to gain support at the crossing point of this uptrend and the level of 89.00, and head north.
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