Bitcoin Is on the Rise: What’s Next?

Having touched the local bottom at the supporting level of 19000, Bitcoin has pulled back and approached the resistance at the level of 22000. The asset is likely to pull from the level of 22000 and drop to the supporting level of 20000. After that, Bitcoin might try to head up again. So, let’s wait and see what is going to happen next.

Silver is heading up. The asset might have to face resistance at the level of 20.70, pull back, and drop. Therefore, it might stay flat.

The currency pair USD/CAD has pulled from the upper boundary of the range and dropped. The asset might gain the required support in the zone formed between the levels 1.2450 and 1.2520 and jump.

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.