Bitcoin Analysis: Potential Rise Ahead?

Bitcoin did not manage to enter the supporting zone. It jumped instead, trying to form a long white candle at the end of the trading day and shape the engulfing. It’s noteworthy that the asset’s price might potentially drop again. Should Bitcoin head North, it is likely to face resistance at the level of 29000 next to the broken range.Silver is approaching the horizontal level of 25.00 and the local downtrend. The asset might rebound at the crossing point of these lines and drop.The Canadian dollar is trying to undergo correction. There is also a median line next to the horizontal supporting level of 1.3387. Away from this trendline, the asset’s price might rise fast. Hence, the asset is likely to rebound from these trendlines and jump. So, let’s wait and see when it is going to happen.