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Bitcoin is rebounding after hitting a low of $67,323; it is currently trading around $71,696, up more than 5%, and is likely to continue rising in the coming days until it reaches the 4/8 Murray level around $75,000.
If Bitcoin consolidates above the psychological level of $70,000 in the coming hours, we could expect it to continue rising, and this could be seen as a signal to open long positions.
A pullback toward the 200 EMA around $70,855 or the 21 SMA at $69,714 would be a good point to place buy orders, as technically, the crypto could be gaining new upward momentum and could support the cryptocurrency's recovery.
If the BTC price falls back below $68,750, where the 3/8 Murray level is located, it could invalidate the bullish move, and we expect it to continue its bearish sequence, potentially reaching the 2/8 Murray level around $62,850.
*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।
