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!
The price of Bitcoin rallied in the short term and now it stands below strong dynamic resistance. It's traded at 40,394 at the time of writing far above yesterday's low of 38,202. BTC/USD increased by 6.80% from yesterday's low to 40,800 today's high.
After its aggressive rally, we cannot exclude a temporary drop. Larger growth needs strong confirmation. In the short term, it moves somehow sideways. In the last 24 hours, BTC/USD is up by 3.78% but it's down by 1.69% in the last 7 days.
BTC/USD found support on the descending pitchfork's median line (ML) and now is traded around the weekly pivot point of 40,331. As you can see on the H4 chart, the crypto failed to reach and retest the inside sliding line (SL) which represents a dynamic resistance.
Making a valid breakout above this level may signal potential further growth. The median line (ML) and 38,547 low represent strong downside obstacles. False breakouts above the sliding line (SL) or its failure to reach this dynamic resistance may signal a new sell-off.
Jumping and closing above 40,800 today's high and above the sliding line (SL) could confirm an upside continuation and could bring new buying opportunities.
*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।
