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 $65,440, showing signs of exhaustion in the bearish momentum. BTC will likely consolidate above $66,246 (21 SMA) in the coming hours. If so, we could expect a recovery during which the price could reach the top of the downtrend channel around $69,000.
If Bitcoin settles below $66,250, it could remain under bearish pressure, and we expect it to reach the 2/8 Murray around $62,500 in the coming days. BTC could even reach the lower band of the uptrend channel around $61,000.
Bitcoin is expected to continue consolidating over the next few weeks above $60,000 and below $75,000, as geopolitical tensions are causing investors to take refuge in gold. Risk aversion could keep risk assets such as Bitcoin under downward pressure.
We expect to look for opportunities to buy Bitcoin when it reaches the 2/8 Murray support levels or the psychological level of $60,000. This could allow us to open long positions with targets at $70,000 and $75,000.
On the other hand, a consolidation above $66,500 (21 SMA) could also be seen as a signal to buy Bitcoin, as it could break and confirm the bullish pennant pattern that is forming on the H4 chart.
*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।
