Thursday, May 12, 2022

Bitcoin Is on Thin Ice

Gold has tested the supporting level of 1840.00, forming a bullish engulfing. The asset might potentially head North and target the daily downtrend.Brent oil is heading up. Should oil manages to close the trading day with a bullish engulfing, it might potentially hit the level of 140 U.S. dollars per barrel.Bitcoin is approaching a very interesting level of 28600.00. It might potentially pull back from this level and head North. Although Bitcoin can also break the support. In this case, it might trade at the level of 12500. So, it is worth observing what is about to happen next.

from Tickmill Expert Blog - Forex Traders Blog https://www.tickmill.com/blog/bitcoin-is-on-thin-ice"
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