Bitcoin Analysis: Potential Rise Ahead

Bitcoin has gained the required support at the level of 25000 and formed a hammer. The asset is likely to head north and face resistance at the level of 29000 soon. So, let’s observe what is going to happen.The price of Brent oil has reached the resistance level of 89.00. The asset might either rebound and drop or break the resistance and hit the psychological level of 100 next. Time will tell which scenario is most likely to work out.American stock index S&P500 is trying to get back to the previously reached maximum at the level of 4607.00. It’s noteworthy that this level offers a very strong resistance; therefore, the price of the index might potentially rebound from this level and drop.