The legend in the InstaSpot team!
Legend! You think that's bombastic rhetoric? But how should we call a man, who became the first Asian to win the junior world chess championship at 18 and who became the first Indian Grandmaster at 19? That was the start of a hard path to the World Champion title for Viswanathan Anand, the man who became a part of history of chess forever. Now one more legend in the InstaSpot team!
Borussia is one of the most titled football clubs in Germany, which has repeatedly proved to fans: the spirit of competition and leadership will certainly lead to success. Trade in the same way that sports professionals play the game: confidently and actively. Keep a "pass" from Borussia FC and be in the lead with InstaSpot!
Bitcoin has finally carved a meaningful bottom around $53,500 mark falling in-line with expectations. The crypto has produced a bullish Morning Star candlestick pattern on the daily chart on Sunday, indicating a potential trend reversal. Bulls will remain inclined to push towards $70,000 ad higher in the next few weeks. Ideally, prices should stay above $53,500 to keep the bullish structure intact.
Also note that Bitcoin has bounced from a strong convergence point as described here: 1. The Fibonacci 0.50 retracement of the upswing between $40,000 and $69,000. 2. The past resistance turned support zone and 3. The new channel support trend line. High probability remains for a strong rally towards all-time highs above $69,000.
On the flip side, a break below $53,500 would further open doors to slip through $50,000 and $40,000 initial price support. In that case, the bearish trend would remain intact as Bitcoin prepares to test lower levels. At this point in writing, bulls are looking to be in control as they prepare to break above $60,000.
Potential rally towards $70,000 against $50,000.
Good luck!
*এখানে পোস্ট করা মার্কেট বিশ্লেষণ আপনার সচেতনতা বৃদ্ধির জন্য প্রদান করা হয়, ট্রেড করার নির্দেশনা প্রদানের জন্য প্রদান করা হয় না।
ইন্সটাফরেক্স বিশ্লেষণমূলক পর্যালোচনাগুলো আপনাকে মার্কেট প্রবণতা সম্পর্কে পুরোপুরি সচেতন করবে! ইন্সটাফরেক্সের একজন গ্রাহক হওয়ায়, দক্ষ ট্রেডিং এর জন্য আপনাকে অনেক সেবা বিনামূল্যে প্রদান করা হয়।
