The Crypto Market Is Low, Oil Poised to Jump

Having dropped, the total crypto market cap has reached $1,15 trillion. At that, there was a strong correlation between Bitcoin and the US stock index S&P 500. The market cap has hit a very strong supporting level that has formed last summer. The crypto market is quite low now, and players are trying to buy the dips. Since the US dollar is likely to drop soon, different cryptocurrencies are about to jump. Although their price might also drop even further. The total market value of cryptocurrencies might decline by half from the current one.Gold is undergoing correction. The asset is likely to jump till the downtrend away from which it might potentially reverse and drop. So, it should be worth waiting to see what is about to happen next.Brent oil is testing the level of 115. Should the oil manage to break this level through, it might hit the level of 120.00 first, and then target the level of 138.00 next. Of course, oil might also undergo correction. However, the oil forecast is quite apparent for now due to the global happenings worldwide and current geopolitics.

from Tickmill Expert Blog - Forex Traders Blog https://www.tickmill.com/blog/the-crypto-market-is-low-oil-poised-to-jump"
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