Market Forecast: Bitcoin, Wheat, Sugar, and Soybean Price Trends for 11-03-2025
Bitcoin has broken $80,474.40, indicating a bearish trend towards $73,900. Wheat is approaching $580 while sugar has entered a bullish phase targeting $19.40. Soybeans continue to decline with a target around $998.60. Detailed analyses are available through Economies.com VIP Club subscriptions.
The Bitcoin price (BTCUSD) has decisively broken the resistance at $80,474.40 after concluding the previous day below this threshold, suggesting that the bearish trend is likely to continue. This development points towards a possible decline targeting the next level at $73,900.
In the wheat market, prices climbed close to the anticipated target of $568.50, driven by a completed double bottom pattern. This formation indicates potential upward movement past this level, aiming for a target around $580.00.
In the sugar market, prices exhibited strong upward momentum, surpassing the $18.42 mark and establishing a position above it. This reversal indicates a bullish correction, with initial targets set at $19.40 in the upcoming sessions.
The soybean price experienced a further decline, breaching the $1,015.20 level and closing below it. This action has established a bearish trend, paving the way for further declines towards the next target at approximately $998.60.
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In summary, Bitcoin has confirmed a significant bearish trend with a target of $73,900, while wheat shows potential for recovery towards $580. Sugar has entered a bullish correction aiming for $19.40, whereas soybeans indicate a continued decline, targeting around $998.60. For detailed insights and trading signals, subscribing to the Economies.com VIP Club is recommended.
Original Source: www.economies.com
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