Bitcoin Analysis: Potential Price Rise Ahead!
Bitcoin bulls broke the resistance level of 31000 and approached the level of 34220. The bulls are likely to take a small break and let bears help the asset target the broken level of 31000. The price of Bitcoin might potentially head North, undergo correction to the level of 31000, and jump further. We will see what will happen next.
The British pound rebounded from the downtrend. The price of this asset should gain the required support at the level of 1.1800, rebound, and rise again. Hence, it might be wise to follow the price movements at this level as well as check the candlestick formations.
Now, the American stock index S&P500 is testing the key support level of 4195 and a downtrend, which might become a flag soon. It would be a good idea to check the price movements at this supporting level to understand what is going to happen next. In general, the price of the stock index should rise.
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