Bitcoin Bulls Seize the Initiative: What’s Next?
Bitcoin rebounded from the supporting level of 25200 and formed the hammer at the end of the trading week. The asset is likely to enter the resistance zone formed between levels 30000 and 31000, rebound, and drop. So, Bitcoin is now in the range as can be seen in the figure below.
Brent oil is trying to break the supporting level of 71.50 but to no avail. The price of oil might either jump or bounce back to the broken local downtrend and then possibly head up. Time will tell which scenario is likely to play out.
The currency pair EUR/USD is heading up. The asset has closely approached the resistance zone formed between the levels 1.0000 and 1.1075. The asset’s price might rebound from this zone inside the range soon.
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