Bitcoin’s Future is Unclear, Silver is on the Rise
Bitcoin has tested a very important resistance at the level of 25000. Currently, it stays still. However, Bitcoin might eventually pull back from this level, undergo correction, and gain the required support at the level of 21500. Yet buyers may help the asset to pull through to break the resistance and hit the level of 30000. In this case, it is important to follow the price movements, that is, the candlestick formations next to important levels to figure out what might happen next.
Silver formed a hammer at the end of last Friday and touched the supporting level of 21.30. This level is located next to the 50% price correction from the latest rise. Hence, silver is heading up. The asset is likely to hit the level of 25.
American stock index S&P 500 keeps testing the broken downtrend. It has formed a pattern resembling a bull flag. The index is likely to jump on Monday. So, let’s see what will happen next.
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