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 $118,750, around 6/8 Murray, and within the bullish trend channel formed on September 28. On the H1 chart, we can see that gold reached the 119,350 level, which coincided with the top of the bullish trend channel.
In the coming hours, we can expect a technical correction for Bitcoin, which could reach the 21SMA around 117,247, and potentially even reach support at the bottom of the bullish trend channel, currently at 116,750.
If Bitcoin consolidates above 118,750, it is expected to reach the top of the bullish trend channel around 119,566 and potentially surpass the psychological level of $120,000.
On the other hand, if bullish strength prevails and Bitcoin breaks above $120,000, it is likely to reach the 7/8 Murray level around 121,875.
Conversely, with a break below 116,700, we could expect Bitcoin to fall to the 200 EMA around 113,500 and the strong support of the 4/8 Murray level around 112,500.
The eagle indicator is reaching overbought levels, so a technical correction for Bitcoin is likely in the coming hours, after which it could resume its bullish cycle.
*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।
