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 is trading around $68,926, retracing after the attempt to break the strong resistance at $72,500. We are currently observing the formation of a bullish wedge pattern. Therefore, if there is a sharp break below this pattern, it could confirm a trend change and the price could accelerate its bearish move.
A fall in BTC is expected in case of a break and consolidation below 65,000. Hence, the crypto could fall to the psychological level of $50,000 in the medium term.
Meanwhile, we believe that Bitcoin could still be consolidating in the coming days within this pattern and we could look for opportunities to sell below $72,300 and buy around $66,200.
On the other hand, if BTC reaches the top of this pattern around $72,200, a strong rejection is expected that would be seen as an opportunity to sell.
In case Bitcoin breaks and consolidates above $73,000, it could easily reach the psychological level of 75,000. Once above this level, BTC could continue its rise until reaching 5/8 Murray located at 81,250.
Meanwhile, we could look for opportunities to sell below $68,750 with targets around 66,200 and buy around this area with targets at 72,500. The eagle indicator is giving a negative signal. It means that Bitcoin is likely to continue falling in the coming days.
*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।