Bitcoin Gives the Green Light for Crypto Bulls!

Bitcoin has repeatedly tested the level of 22500. Currently, the asset is still targeting resistance at the level of 25000. The pullback from the broken level is a great chance for the bulls to realize their plans.

Gold has tested the uptrend and formed a hammer. The asset might potentially jump soon, but only until the psychological resistance level of 2000. So, let’s observe what will happen next.

The British pound is slowly regaining its power after the autumn drop. Now, the asset’s price is trying to undergo a correction, therefore two supporting levels are becoming increasingly important. First, the price of the British pound should get the required support at the level of 1.1850. Next, the asset might get additional support at the level of 1.1400, which also coincides with half of the latest ascending move. In both cases, it will be interesting to follow the asset’s price movements and candlestick formations at these supporting levels.

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.