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 $68,750, consolidating after three consecutive attempts to break the downtrend channel formed since February 28.
Bitcoin is likely to consolidate while awaiting an upward move that could decisively break the downtrend channel. Hence, we could expect it to reach the 4/8 Murray around $75,000.
If the bearish force prevails, we could expect a strong continuation of the downward movement, with Bitcoin reaching the 2/8 Murray at around $62,500 or even the February 5 low at around $60,000.
The outlook remains bearish for Bitcoin, so any technical rebound towards resistance levels will allow us to continue selling.
If Bitcoin consolidates above the psychological level of $70,000, we could look for opportunities to buy with targets at $75,000 and around the 200 EMA located at $81,250.
On the contrary, as long as the price remains within the downtrend channel and below 3/8 Murray, Bitcoin will get stuck under strong downward pressure, and it is expected to reach $60,000 in the short term.
The Eagle indicator is showing negative signals, so we will look for opportunities to sell while the price remains below the 21 SMA and below the 3/8 Murray, with targets at the 2/8 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।
