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After reaching $89,217, Bitcoin is retreating and now trading around $86,900 with a negative bias. If it falls below $85,000, it is likely to continue its bearish cycle and could reach 0/8 Murray around $75,000.
If Bitcoin breaks above the downtrend channel and consolidates above $87,000, there is likely to be an upward movement, and it could reach the psychological level of $100,000 in the short term.
We must keep an eye on this key level around $87,500. Downward pressure on the price will persist below this zone, and we could expect it to reach $81,250 and $75,000.
The outlook could be positive for Bitcoin if it settles $88,000. In this case, the price could reach $93,700 and the 200 EMA around $98,907.
The Eagle indicator is showing a negative signal, so we must be cautious when opening long positions, as a new bearish cycle could be underway.
*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।
