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 $78,391, rebounding after hitting the Murray 3/8 low, a level that coincided with the bottom of the downtrend channel formed in early January.
BTC/USD hit a low of $75,000 during Monday's US session, and since then we have seen a technical rebound.
A further technical rebound is expected in the coming days, and we could expect BTC to reach the 5/8 Murray level at $81,000. However, for this to happen, Bitcoin needs to consolidate above the 21 SMA located around $79,452.
A recovery of Bitcoin above $81,000 could favor an upward move, and we could expect it to reach the upper band of the downtrend channel, around $86,000.
BTC could even find strong resistance around the 6/8 Murray level and the 200 EMA, as both levels coincide in this area.
If bearish pressure prevails, we could expect Bitcoin to continue its downward movement and potentially see a strong break below the 4/8 Murray level, around $75,000. This could trigger a sharp downward acceleration towards $70,000.
Our strategy remains bullish on Bitcoin, as long as the price consolidates above $75,000. Therefore, any pullback or technical rebound above this zone will be considered an opportunity to enter long positions, with targets at $81,000 and $86,000.
*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।
