The yield of German Government Bonds is heading up, whereas their price is going down. The yield of this asset was 2.578% at the end of last trading week. Although it might head up and reach 3.0% soon. At the same time, the asset’s price might significantly drop. So, let’s observe what might happen next.
The price of the British pound rebounded from the supporting level of 1.2320 and reversed. The price of this asset might potentially target the resistance level of 1.2810, rebound from it, and drop. As of now, the asset’s price is moving within a large range. Time will tell whether this scenario might work out.
The monthly time frame shows that the price of Bitcoin should form the bearish engulfing or the dark cloud cover at the end of this month. It might potentially dive under the key levels 68998 and 64898. In this case, the price of Bitcoin is likely to drop to the level of 45000. At that, the price of this asset might retest the middle point of the bearish engulfing or the key levels 68998 and 64898, and then only drop.
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