Bitcoin Forecast: Potential Price Rise Ahead

The price of Bitcoin keeps renewing the many years’ maximum points. Currently, the price of this asset is testing the level of 60000. This might turn out to be a significant event. However, it is important to remember that the prices of cryptocurrencies can quickly fluctuate. The price of Bitcoin might potentially rebound to the broken support level of 49000. On the other side, it could also pull back to the level of 40000, which also acts as the middle point of the current ascending move, that is, the level of 39500. This means that this level might become a quite convenient point for the price of Bitcoin to rebound and rise. So, let’s observes which scenario might work out.

The price of the currency pair EUR/USD keeps rising within a very large range. It might eventually target the psychological level of 1.1000. Next, the price of this asset might rebound from this level, drop, and acquire the required support at the level of 1.0700. Time will tell if it is going to happen.

The price of coffee is gradually approaching the supporting zone formed between levels 173.80 and 176.00. This zone also acts as the middle point of the latest ascending move (50% Fibonacci retracement level). Based on the currently forming candlestick signals, the price of this asset might potentially rebound and rise to the psychological level of 200. So, let’s observe what might happen next.

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