Bitcoin Forecast: Potential Jump Ahead
Bitcoin keeps moving along the supporting level of 19000 without breaking it through. Bitcoin is still likely to pull from the level of 19000 and target the level of 22000 next.
As it can be seen from the daily chart, the price of Brent oil has dropped below the supporting level of 87.28, forming engulfing and signifying the continuation of the downtrend or deep correction. So, it seems that oil is likely to head south next week and target the level of 78 next.
Last Friday the price of the currency pair EUR/USD dived below the resistance at the level of 0.9865 without touching it. On the other side, the price of this asset is currently testing the broken side of the greater daily wedge. In principle, the price of this currency pair might potentially drop to the supporting level of 0.9595. So, let’s wait and see what is going to happen next.
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