Bitcoin Forecast: Potential Price Rise Ahead
The price of Bitcoin tested the psychological support level of 60000 and formed the piercing line at the end of the trading day. This level also acts as a bearish trap, and the price of Bitcoin keeps testing it. Hence, the price of Bitcoin might potentially rise and target a very important resistance level of 68998. So, let’s see what the next price movement of this asset might be.
The price of gold broke the lower side of the symmetrical triangle and tested its broken side. The price of this asset is likely to drop soon. However, it should break the supporting level of 2285 first and then only target the level of 2152. Time will tell whether this scenario might work out.
The price of the currency pair USD/CAD rebounded from the crossing point of the uptrend drawn at points 1 and 2, and the broken local downtrend formed between the points А and В. Now, this downtrend acts as a bullish flag. The price of this asset tried to form a white candle at the end of the trading day. So, it might potentially rise and face resistance at the level of 1.3900 at the end of the trading week. So, let’s observe what might happen next.
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