The price of Bitcoin abruptly dropped and tested the supporting level of 50000. After that, the price of this asset formed a long spike, rebounded, and tested the level of 54000. This signifies the upcoming formation of the local bottom and a short-term price rise. It is also important to note that the price of Bitcoin bounced back from the lower boundary of the downtrend. It means that the price of this asset might potentially rise and face resistance at the level of 70000. So, let’s observe what the next price movement of Bitcoin might be.

The price of the Canadian dollar rebounded from the resistance level of 1.3846. It is currently approaching an uptrend. The price of this asset might potentially rebound and rise. However, the currency pair USD/CAD could also gain the required support in the zone formed between levels 1.3560 and 1.3590 and jump up even further. Time will tell whether this scenario might work out.

Last week, the price of gold renewed the maximum price points. Now, it is heading down and targeting an interesting supporting level of 2285. The price of this asset might either gain the required support at this level or break through. At this point, it would be interesting to follow the candlestick formations or price movements around this support.