Bitcoin Looks Vulnerable, Oil Bulls Seize the Initiative
Bitcoin has tested the resistance at the level of 31000 without breaking it. The asset’s price is likely to rebound and drop. However, it would be wise to observe the candlestick formations because the asset might still break this level through and jump. So, let’s see what might happen next.
Gold is heading down, it rebounded from the broken neckline of the double top and the broken uptrend. The asset’s price might potentially drop to the level of 1815, gain the required support, and jump.
Brent oil has formed a candle with a long lower shadow at the end of the trading week, creating a beautiful hammer. The asset’s price also rebounded from the broken downtrend; therefore, it might hit the level of 87.000 soon.
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