Trending: Oil | Gold | BITCOIN | EUR/USD | GBP/USD

Bitcoin price (BTCUSD) forecast update - 05-02-2025

Economies.com
2025-02-05 09:01AM UTC

Bitcoin price (BTCUSD) didn’t show any strong move since morning, thus, no change to our neutrality until the price confirms breaching 100000.00$ or breaking 95195.00$ support to detect the next targets clearly.

 

To review the details of the expected targets after the breach, please check our morning report for Bitcoin price.

 

The expected trading range for today is between 94000.00$ support and 103000.00$ resistance.

 

Trend forecast: Neutral

Brent oil price forecast update 05-02-2025

Economies.com
2025-02-05 09:01AM UTC

Brent oil price crawls downwards calmly, and the technical indicators keep providing the negative signals, waiting for more decline to test 75.66$ initially, reminding you that breaking this level will push the price towards 74.00$ as a next target.

 

In general, the bearish trend scenario will remain valid and active for today unless the price rallied to breach 77.05$ and hold above it.

 

The expected trading range for today is between 74.90$ support and 77.90$ resistance.

 

Trend forecast: Bearish

End of day crude oil price forecast update - 05-02-2025

Economies.com
2025-02-05 09:01AM UTC

Crude oil price shows weak trades since morning and settles around 73.00$ level, waiting to get negative motive that push the price to continue the decline and test 72.30$ initially, which breaking it represents the key to rally towards our negative targets that start at 71.2$ and extend to 70.30$.

 

Therefore, the bearish trend scenario will remain active for today unless breaching 73.90$ and holding above it.

 

The expected trading range for today is between 71.20$ support and 74.20$ resistance

 

Trend forecast: Bearish

Silver price forecast update 05-02-2025

Economies.com
2025-02-05 09:00AM UTC

Silver price shows additional positive trades despite the negative momentum that appears through stochastic, to support the expectations of continuing the bullish trend for the rest of the day, reminding you that we are waiting to test 32.86$ as a next main target, noting that breaching it will open the way to rally towards 34.00$ on the near-term basis, while the expected rise will remain valid unless breaking 31.63$ and holding below it.

 

The expected trading range for today is between 31.85$ support and 32.86$ resistance.

 

Trend forecast: Bullish