The price of Bitcoin has closely approached the key resistance level of 49000. The asset’s price might either rebound from the resistance or break it through. Hence, it would be interesting to follow the candlestick formations next to this level to forecast the upcoming price movements. The false breakouts are also possible so let’s keep an eye on this situation and see what is going to happen next.
The price of gold is staying still, slowly approaching the broken downtrend and psychological supporting level of 2000. The asset might eventually rebound from these trendlines and target the level of 2085 next. Time will tell whether this scenario is going to work out.
The price of the currency pair USD/CHF has tested the level of 0.8560 and jumped, targeting the downtrend and the level of 0.8850. The asset’s price might rebound from these trendlines again anytime soon.
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