Bitcoin Forecast: Potential Rise is Still Ahead
Bitcoin is pulling back from the level of 22500, therefore the bulls keep on pushing the coin till the resistance level of 25000. The asset is likely to head up and possibly retest the level of 22500 soon. So, let’s observe what will happen this week.
American stock index S&P 500 has touched a very important weekly downtrend. Last week the index was below this downtrend. Now, the asset’s price is trying to pull back and drop. However, it would be wise to check the candlestick formations to figure out the asset’s moves. The index might also break the downtrend and jump.
Oil has pulled from the broken downtrend and the horizontal level of 86.00. Oil might potentially jump and hit the level of 100 next.
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