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Bitcoin is trading around $88,760 above 2/8 Murray and above the 21 SMA with a bullish bias.
Bitcoin is expected to continue rising in the coming hours as it is showing a strong positive signal.
If Bitcoin consolidates above $87,500, any pullback towards this support will be seen as a buying opportunity with a target at the top of the downtrend channel formed since January 13 around $90,150.
If the bullish force prevails and there is a sharp breakout of the downtrend channel and a consolidation above the 200 EMA located around $91,200, it will be seen as an opportunity to buy with a target around the 3/8 Murray located at $93,750.
Given that Bitcoin is within a downtrend channel and if the price falls below $87,500, we could expect a bearish acceleration to occur, and BTC could reach $83,550 and, finally, the 1/8 of Murray around $81,000.
The Eagle indicator is showing positive signals. So, it is likely that Bitcoin will reach $93,750 in the coming daysand could even reach $97,000 if the price consolidates above 2/8 of Murray.
*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।
