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Bitcoin and oil – step by step up?


Good afternoon!

Bitcoin has confidently broken through the level of 21000 and has been in consolidation for the last two days. Continuation of the scenario – a rebound from the broken level of 21000 and the continuation of the upward movement towards 22500:

Brent oil went up, winning back the bullish flag and approaching the resistance of 102.50, from which we can see a decline in oil towards the 90th figure. Near the above level, it is interesting to look at the formation of candlestick signals:

Bitcoin and oil - step by step up?

According to the S&P500 index, the price bounced off the descending channel and continued its downward movement towards the support area formed between the levels of 3578-3510. From the indicated support, the potential possibility of a rebound of quotes upwards is formed:

Bitcoin and oil - step by step up?

Oleg Svirgun, analyst at the brokerage company Tickmill

07/11/2022

My profession is a journalist, but my hobby for 8 years has been studying Forex investing and trading. During this time, I managed to gain extensive experience in investing and trading cryptocurrencies and double my capital in the Forex market. To be the author of this magazine, the site owners invited me to participate in one of the 2020 trading webinars, and I will try to reveal the most relevant crypto market news for you.

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