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Bitcoin is trading around $66,076, undergoing a technical correction after reaching the psychological level of $70,000 on February 25.
Bitcoin was unable to consolidate above the 3/8 Murray located around $68,750. Above this zone, the upper band of the uptrend channel converges, which puts strong pressure on Bitcoin. Now we are seeing a technical correction.
BTC will likely continue to fall in the coming days until it reaches the 2/8 Murray located at $62,500.
With a sharp break below the 2/8 Murray and a consolidation below the downtrend channel, we could see BTC reach the psychological level of $60,000. Moreover, it is expected to reach the 1/8 Murray around $56,500.
On the contrary, if Bitcoin recovers some of its losses in the coming hours, we could expect an attempt to break the downtrend channel, and the price could reach $68,500-$70,000.
The Eagle indicator is showing a negative signal, so any technical rebound, as long as the price of BTC remains below the psychological levels of $70,000, could be seen as an opportunity to continue selling.
*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।
