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!
During the Asian trading session, Bitcoin reached a new high of $81,260—a key level we've highlighted in our articles as the target for bulls. From this level, Bitcoin is undergoing a minor technical correction but may struggle to continue rising, as it is currently in overbought territory.
If Bitcoin breaks out and consolidates above $81,250 in the coming hours, we could expect it to reach the upper band of the uptrend channel formed since April 29 and potentially hit $81,870; if it surpasses this level, it might reach the 7/8 Murray level around $84,350.
Given that the 6/8 Murray zone acts as strong resistance, we could view this level as a key zone for opening short positions, as we could expect a technical correction toward the 21 SMA around $79,188.
A decisive break and consolidation below the 21 SMA could reverse Bitcoin's bullish cycle, and we could expect it to reach the April 29 low around $75,000; a break below this zone could even push BTC down to the 3/8 Murray level around $72,500.
The Eagle indicator is showing a negative signal; hence, our outlook remains bearish as long as the Bitcoin price consolidates below the 6/8 Murray line around $81,250. This will be seen as a signal to open short positions with targets at around $75,000.
*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।
