Bitcoin is Range-Bound: Consolidation Ahead?
Bitcoin is moving in a narrow range as it didn’t manage to break through the resistance level of 31000. Currently, the asset is testing the lower boundary of the range. This might cause a consolidation breakout. The asset’s price might also break the level of 31000 although this is less likely to happen.
Gold has tested the level of 1980. The asset’s price is now trying to dive under this resistance. The price of gold might also rise; therefore, it might be wise to follow the price movements to understand what is likely to happen next. Although gold might potentially undergo correction and drop.
The British pound has reversed. The asset is targeting the uptrend and supporting zone formed between the levels 1.2600 and 1.2680. The asset is likely to undergo correction, rebound, and jump soon.
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