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Bitcoin price (BTCUSD) forecast update - 04-02-2025

Economies.com
2025-02-04 10:12AM UTC

Bitcoin price (BTCUSD) faces clear negative pressure to move below 100000.00$ now, affected by stochastic negativity, which urges caution from the upcoming trading, as consolidating below this level will stop the morning suggested positive scenario and lead the price to visit 95195.00$ areas on the near-term basis.

 

Now, the price needs to trade above 100000.00$ again to revive the bullish wave that its first main target located at 105000.00$.

 

The expected trading range for today is between 97500.00$ support and 105000.00$ resistance.

 

Trend forecast: Bullish

Brent oil price forecast update 04-02-2025

Economies.com
2025-02-04 10:12AM UTC

Brent oil price managed to break the neckline of the head and shoulders’ pattern and close the last four hours’ candlestick below it, to start activating the negative effect of this pattern, waiting to surpass 75.66$ to confirm opening the way to rally towards 74.00$ followed by 72.50$ levels that represent our next main targets.

 

Therefore, we will continue to suggest the bearish trend for the upcoming period unless the price rallied to breach 77.05$ and hold above it.

 

The expected trading range for today is between 74.50$ support and 77.50$ resistance.

 

Trend forecast: Bearish

Crude oil price forecast update 04-02-2025

Economies.com
2025-02-04 10:12AM UTC

Crude oil price touched 72.30$ level and attempts to break it, reinforcing the expectations of continuing the bearish trend for the rest of the day, reminding you that our main waited target reaches 70.30$.

 

The negative pressure formed by the EMA50 supports the suggested negative scenario, taking into consideration that failing to confirm breaking 72.30$ will lead the price to attempt to recover and build bullish wave that targets testing 73.90$ before any new attempt to decline.

 

The expected trading range for today is between 71.00$ support and 74.00$ resistance

 

Trend forecast: Bearish

Silver price forecast update 04-02-2025

Economies.com
2025-02-04 10:12AM UTC

Silver price attempts to breach 31.63$ level, reinforcing the expectations of continuing the bullish trend for the upcoming sessions, waiting to visit 32.05$ followed by 32.86$ levels as next main targets.

 

The EMA50 supports the suggested bullish wave, which will remain valid conditioned by confirming breaching 31.63$ and building good support base above it.

 

The expected trading range for today is between 31.20$ support and 32.10$ resistance.

 

Trend forecast: Bullish