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

Bitcoin price (BTCUSD) forecast update - 24-01-2025

Economies.com
2025-01-24 09:07AM UTC

Bitcoin price (BTCUSD) traded with clear positivity to reach the thresholds of the key resistance 106000.00$, and as we mentioned this morning, breaching this level will activate the positive effect of the bullish pennant pattern and lead the price to continue the bullish trend that targets 108350.45$ followed by 112000.00$ levels mainly.

 

On the other hand, we should note that breaking 101680.00$ will stop the bullish wave and push the price to decline towards 95195.00$ areas before any new attempt to rise.

 

The expected trading range for today is between 102000.00$ support and 108000.00$ resistance.

 

Trend forecast: Bullish

Brent oil price forecast update 24-01-2025

Economies.com
2025-01-24 09:07AM UTC

Brent oil price shows positive trades to test the key resistance 78.39$, and the price needs to hold below this level to keep the bearish trend scenario active for the upcoming period, as breaching it represents the key to start bullish wave that targets 80.10$ areas mainly.

 

Note that the next main target of the suggested bearish wave is located at 77.05$.

 

The expected trading range for today is between 76.50$ support and 79.50$ resistance.

 

Trend forecast: Bearish

Crude oil price forecast update 24-01-2025

Economies.com
2025-01-24 09:07AM UTC

Crude oil price hovers around 75.53$ level and still below it until now, to keep the bearish trend scenario valid and active for today, reminding you that our main waited target reaches 73.90$, while breaching 75.53$ represents the key to start intraday bullish wave and achieve gains that might reach 76.90$ followed by 77.53$ before determining the next destination clearly.

 

The expected trading range for today is between 73.70$ support and 76.70$ resistance

 

Trend forecast: Bearish

Silver price forecast update 24-01-2025

Economies.com
2025-01-24 09:07AM UTC

Silver price settles above 30.63$ level, to keep the bullish trend scenario active for today, which depends on the price stability above the mentioned level, waiting to gather positive momentum that assist to push the price to achieve our main expected target at 31.63$.

 

The expected trading range for today is between 30.40$ support and 31.30$ resistance.

 

Trend forecast: Bullish