Bitcoin at a Crossroads: What’s Next?
The price of Bitcoin keeps testing the resistance level of 31000; therefore, it might rebound and drop anytime soon. However, potential pennant formation on the chart might help Bitcoin break this pattern and the resistance through and hit the resistance level of 34330. In any case, Bitcoin is likely to either break the resistance level of 31000 or the pennant through and head forward.
Brent oil is on the rise. The asset got the required support at the resistance level of 71.50. The asset’s price might potentially hit the level of 87.00. So, let’s observe what might happen next.
The price of the American stock index S&P 500 might retest the broken uptrend, form the double top and drop. Currently, the asset’s price is undergoing correction.
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