Bitcoin Analysis: Potential Price Rise Ahead

Bitcoin has tested the key level of 30000 and dropped. The asset’s price is likely to approach the level of 25000, gain the required support, rebound, and rise. Of course, it can also dive even deeper. However, the jump is more likely to happen. Let’s observe which scenario is going to work out.

Apple stock formed a wedge and is heading down right now. The price of the stock should gain the required support at the level of 163, which is located next to the broken weekly downtrend and the 50% Fibonacci retracement. Should the price rebound from the lower side of the wedge, it might break the upper boundary of this pattern and test the resistance level of 198.

The price of the British pound has dropped. However, it might potentially gain very strong support at the level of 1.1842, next to the lower boundary of the downtrend. The asset’s price may even rebound from this supporting level and rise. So, follow the price movements next to the level of 1.1842 and see what happens.

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