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 $59,751, below the 21 SMA and above the -1/8 Murray line, rebounding after hitting a low of $58,900, which also coincided with the lower band of the uptrend channel formed since June 24.
If Bitcoin pulls back to $59,000 in the coming hours, it could be seen as a buying opportunity around this level, as we could expect a strong technical rebound that might reach the upper band of the uptrend channel around $61,600.
If Bitcoin consolidates above the psychological level of $60,000, it could mark the start of an uptrend and a recovery toward the upper band of the downtrend channel formed since early June, around $63,500. So, BTC could even reach the 200 EMA at around $65,322.
Conversely, if Bitcoin breaks below $58,900, the outlook could turn negative, and we might expect Bitcoin to reach the lower band of the downtrend channel around $57,200—it could even reach the -2/8 Murray level around $56,250.
The Eagle indicator is showing a negative signal and is approaching oversold levels, which suggests that Bitcoin could trade around the psychological level of $60,000 or above this zone in the coming days.
Our trading plan for the next few hours is to buy Bitcoin above the 21 SMA, with targets at $61,500 and $62,500, around the 0/8 Murray level.
*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।
