Bitcoin At a Crossroads: What’s Next?
Gold rebounded from the resistance level of 1980, which is also the broken neckline of the double top. The asset’s price might potentially gain psychological support at the level of 1900, rebound, and jump. So, let’s observe what might happen.
Bitcoin is at a crossroads; the bulls are stressed; the bears keep pushing on. The asset remains in a narrow range, slowly drifting south. The longer Bitcoin stays in this range, the quicker and more powerful the price movement will be. Bitcoin might potentially rebound and drop to the supporting level of 25200 soon.
The price of the currency pair EUR/USD has closely approached the broken resistance area formed between levels 1.1000 and 1.1075. It is likely to rebound from this area, jump, and head north. It will be interesting to follow the price movements in this area.
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