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Bitcoin price (BTCUSD) forecast update - 03-02-2025

Economies.com
2025-02-03 09:14AM UTC

Bitcoin price (BTCUSD) shows additional positive trades to attempt to surpass 95195.00$ level, and as we mentioned this morning, this level represents important key to detect the next trend, as breaching it will push the price to attempt to regain the bullish track and achieve positive targets that reach 100000.00$, while consolidating below it will put the price under additional negative pressure that its next target reaches 87055.00$.

 

Therefore, we will continue with our neutrality until the price confirms its situation according to the above mentioned level followed by getting clearer signal for the next trend.

 

The expected trading range for today is between 90000.00$ support and 98500.00$ resistance.

 

Trend forecast: Neutral

Brent oil price forecast update 03-02-2025

Economies.com
2025-02-03 09:14AM UTC

Brent oil price trades positively to move above 77.05$ level, which hints heading to recover in the upcoming sessions, but we prefer to stay aside until we get clearer signal for the next trend through breaching 78.40$ resistance or breaking 77.05$ support.

 

Note that breaking the mentioned support will push the price to resume the bearish track that its next target located at 75.66$, while breaching the resistance will motivate the price to recover and achieve positive targets that reach 80.05$.

 

The expected trading range for today is between 75.70$ support and 78.70$ resistance.

 

Trend forecast: Neutral

Crude oil price forecast update 03-02-2025

Economies.com
2025-02-03 09:14AM UTC

Crude oil price shows bullish bias to move away from 73.90$ and head towards potential test to the key resistance 75.52$, these levels form the next trend keys now, as the price needs to surpass one of them to detect its next destination clearly, which keeps our neutrality valid until now.

 

The continuation of the rise and breaching the mentioned resistance will lead the price to turn to rise and achieve new gains that reach 77.52$, while breaking the support will push the price to resume the correctional bearish track and visit 72.30$ initially.

 

The expected trading range for today is between 72.40$ support and 75.60$ resistance

 

Trend forecast: Neutral

Silver price forecast update 03-02-2025

Economies.com
2025-02-03 09:14AM UTC

Silver price shows bullish bias to head towards potential test to the key resistance 31.63$, affected by stochastic positivity, and as long as the price is below this level, the bearish trend scenario will remain valid for the upcoming period, as breaching it represents the key to achieve new gains that reach 32.86$, while the first negative target of the expected decline is located at 30.63$.

 

The expected trading range for today is between 30.35$ support and 31.25$ resistance.

 

Trend forecast: Bearish