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Bitcoin is trading at $77,122 after forming an ascending wedge pattern, which is showing a positive signal. It is likely to continue rising in the coming days until it reaches the strong 5/8 Murray resistance level around $78,125; it could even reach the upper band of the downtrend channel, which coincides with this same price level.
Conversely, if Bitcoin falls below the $77,000 zone, it is likely to retest $75,000 and could even reach the lower band of the downtrend channel, which coincides with the 200 EMA around $74,350.
A consolidation on the H4 chart below the psychological $75,000 level could give Bitcoin bearish momentum, and a break below the 200 EMA around $74,300 could push BTC down to the 3/8 Murray level around $71,875.
The outlook remains bearish for Bitcoin as long as the price settles below $78,125, and it is expected to reach $71,875 in the short term. Conversely, a decisive break above the downtrend channel and consolidation above the 5/8 Murray level could see Bitcoin reach the strong resistance at the 6/8 Murray level around $81,250.
*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।
