Bitcoin Forecast: Potential Price Correction Ahead
The price of Bitcoin keeps reversing. It should undergo correction soon. The asset’s price might not only gain the required support at the levels 49000 and 45500 but also dive even deeper and hit the psychological level of 40000, rebound, and rise. Hence, it would good to follow the candlestick formations next to these levels.
The price of silver rebounded from the supporting zone formed between levels 22.00 and 22.30 and reversed, targeting the uptrend. Currently, the asset’s price is going down. The asset might potentially rebound from the crossing point of the above mentioned trendlines and head up. So, let’s observe what might happen next.
The price of the Swiss franc rebounded from the resistance level of 0.8850 and dropped. It might eventually rebound from the supporting level of 0.8560 and rise. However, it would be important to follow the candlestick formations next to this level to forecast any upcoming price movements.
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