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Is the bitcoin correction apparently over?

Good afternoon

Bitcoin, having completed its correction at the broken level of 21500, has been actively recovering in recent days. At the same time, it should be noted that the quotes crossed the 22500 horizontal. It is worth noting our baseline scenario for the potential target – the resistance of 25000:

Oil is approaching the support level at 21.00, which is also a 50% retracement from the last up move. It is worth noting that the potential for a rebound from the level considered above remains high:

Is the bitcoin correction apparently over?

Eurodollar rebounded from the local broken level of 1.0770 and continued its corrective path. The target to reduce quotes is the support level of 1.0350, from which it is possible to resume the growth of the EUR/USD pair:

Is the bitcoin correction apparently over?

Oleg Svirgun, analyst at the brokerage company Tickmill


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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