Bitcoin Forecast: Potential Drop Ahead?
Bitcoin keeps testing the level of 28600, staying in a very narrow range. The supporting zone can be expanded, with the level of 25500 serving as a lower bound. Should Bitcoin manage to break the level of 25500, it might head down. Currently, the support is not broken just yet. Hence, Bitcoin might still jump. So, it is worth observing what is going to happen next.
Bitcoin keeps testing the level of 28600, staying in a very narrow range. The supporting zone can be expanded, with the level of 25500 serving as a lower bound. Should Bitcoin manage to break the level of 25500, it might head down. Currently, the support is not broken just yet. Hence, Bitcoin might still jump. So, it is worth observing what is going to happen next.
Meanwhile, the US stock index S&P500 has formed the double bottom with the neckline at the level of 4100. The asset might quickly jump to the level of 4450.
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