Bitcoin Forecast: Potential Rise Is Still Ahead!
Bitcoin is undergoing correction after the recent rise. However, the asset’s price didn’t hit the level of 25000 just yet. Bitcoin might gain the required support at the level of 22500 and potentially jump further. So, let’s wait and see what is going to happen next.
Silver has managed to break the lower boundary of the range. So, the asset is likely to pull from the supporting level of 21.00, which also acts as the middle point (50% Fibo) of the latest ascending move.
The currency pair EUR/USD is currently trying to break the lower boundary of the uptrend. So, the asset might have to undergo correction soon. Should the currency pair manage to break the uptrend, it might potentially target the level of 1.0350 next. After that, the asset might pull back to the broken trendline and drop.
Disclaimer: The material provided is for information purposes only and should not be considered as investment advice. The views, information, or opinions expressed in the text belong solely to the author, and not to the author’s employer, organization, committee or other group or individual or company.
Past performance is not indicative of future results.
High Risk Warning: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 75% and 75% of retail investor accounts lose money when trading CFDs with Tickmill UK Ltd and Tickmill Europe Ltd respectively. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Futures and Options: Trading futures and options on margin carries a high degree of risk and may result in losses exceeding your initial investment. These products are not suitable for all investors. Ensure you fully understand the risks and take appropriate care to manage your risk.