Bitcoin and Silver are Heading North
Bitcoin has approached the uptrend. Now, the asset is trying to form an engulfing. Bitcoin is likely to face resistance at the level of 25500, break this level, and jump. It would be interesting to observe the price movements below this level to understand what is about to happen next.
Silver has approached a very strong horizontal supporting level of 20.87, that is, the upper broken side of the range. The asset has formed a bullish engulfing. Silver might potentially jump and hit the level of 24.75 soon.
Brent oil is moving within the range for two weeks in a row, breaking one downtrend after another. Currently, the asset’s price is pulling back from the broken weekly downtrend. This signifies a potential price growth. So, let’s observe whether oil is about to jump.
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