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 $70,377, having broken through the 3/8 Murray line and nearly reaching the lower band of the downtrend channel formed since May 7.
Bitcoin is likely to find strong support around $70,800. This level coincides with the lower band of the downtrend channel, and we could expect a technical bounce around this area, which could be seen as an opportunity to open long positions.
In the event of a pullback toward the 21 SMA at $73,417, this zone could be considered a good point to sell, with short-term targets around the 2/8 Murray line at $68,750.
If Bitcoin consolidates above the 3/8 Murray line in the coming hours, this could be considered an opportunity to buy above this zone, with targets at the upper band of the uptrend channel around $75,000.
The Eagle indicator is reaching oversold levels, so we could expect consolidation zones around $70,800 or around the psychological level of $70,000 as a point for a technical rebound, which could be seen as a signal to buy BTC.
The outlook remains bearish for Bitcoin. Should it reach the resistance zone at $73,500 or the 4/8 Murray level around $75,000, this could be seen as a signal to resume selling, with targets at the 2/8 Murray level around $68,750.
*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।
