Bitcoin Forecast: Potential Jump Ahead
Bitcoin has tested the support at the level of 25000 and formed a beautiful bullish engulfing. Currently, the asset’s price is testing the middle point of the engulfing. Hence, Bitcoin might potentially jump. So, let’s observe what might happen.
Oil rebounded from the supporting level of 71.50, forming a pattern resembling a triangle. The asset’s price might approach the resistance level of 87.00 soon. Should oil break the side of this triangle and jump, it is likely to head north.
American stock index S&P 500 remains in a very narrow range for two days in a row. It might either form a flag and target the broken uptrend or undergo correction, test the supporting level of 4195, rebound, and head north.
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