Bitcoin Forecast: Potential Price Drop Ahead
The price of Bitcoin is heading up and closely approaching the resistance zone formed between strong levels of 70000 and 72000. Also, this area is located next to the flat downtrend. So, it looks like the price of this asset might potentially rebound from the resistance zone, drop, and target the supporting level of 60000. So, let’s observe whether this scenario might work out.
The price of Brent oil broke the level of 75.70 and approached the supporting zone formed between levels 71.50 and 72.50. The price of this asset is likely to rebound from this area, rise, and hit the level of 80 anytime soon. Let’s see what is going to be the next price movement of this asset.
The price of Australian dollar has closely approached the supporting level of 0.6621, which is located next to the middle point of the latest ascending move, that is, 50% Fibonacci retracement level. In this case, it would be important to follow the price movements at this very important level. In case of failed pullback, the asset’s price is likely to break the support through and drop. Time will tell what is going to happen next.
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