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Bitcoin is trading around $64,069 above the 21 SMA and within the uptrend channel that has formed since early June.
Over the weekend, Bitcoin managed to rebound above $62,500, reaching a high of around $64,000. BTC could rise in the coming hours, although signs of exhaustion are evident.
If Bitcoin consolidates above the 21 SMA around $63,473 in the coming hours, we could view this area as a good entry point for long positions, with targets at the 200 EMA around $67,537.
If downward pressure continues but the lower band of the uptrend channel proves to be strong support, we could view this zone around $63,000–$62,900 as a good buying opportunity.
A technical bounce around the 0/8 Murray level at $62,500 could give Bitcoin a bullish outlook in the coming days. Conversely, trading below this zone could keep Bitcoin under bearish pressure, and we could expect it to reach the psychological level of $60,000 or even the -1/8 Murray level.
The Eagle indicator is showing a positive signal, but we could expect Bitcoin to consolidate; however, if the BTC price remains above $62,500, we could open long positions.
*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।
