Last Monday, the price of Bitcoin reached its maximum point, rebounded, dropped, and formed a bearish engulfing. Currently, the asset’s price is in the middle of engulfing, and this didn’t come as a surprise. Hence, Bitcoin might potentially undergo a stronger correction soon. So, let’s observe what is going to happen next.

Should the price of Bitcoin undergo correction, it might also rebound to the level of 49000, pull back, rise, and test the supporting zone formed between levels 40000 and 42000. This zone also acts as the midpoint of the latest ascending move.

Now, the price of gold is testing a very strong resistance level of 2152, which will be a tough nut to crack. In this case, the asset’s price might rebound from resistance, form a bearish engulfing and shooting star, and drop. Otherwise, the price of gold might break the resistance and rise high. However, this could also result in the formation of a bullish trap. Time will tell which scenario might work out.

The price of platinum has formed a bullish engulfing at the supporting level of 890 and left the broken downtrend behind. The price of this asset might potentially jump and hit the level of 990.