Bitcoin Forecast: Potential Jump Ahead
Bitcoin keeps forming a narrow range between the levels 16300 and 17000, trying to regain its position after Christmas. So far, it seems that Bitcoin might target the supporting level of 15625 and face resistance at the level of 18350. After that, the asset might pull back. So, let’s observe what is going to happen.
The price of the currency pair EUR/USD has pulled from the broken downtrend and the level of 1.0500 and formed a bullish engulfing at the end of last Friday. Currently, the asset’s price is signifying a potential jump. At that, the asset is likely to form a bullish flag on the daily chart. This currency pair is on the rise.
American stock index S&P 500 has formed a triangle. This might signify a potential drop to the supporting level of 3572. Of course, the index might also break the level of 3935. So, let’s observe what the index is going to do next.
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