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 $79,096 on an uptrend after breaking above the 5/8 Murray level. BTC has been trading below this zone during recent sessions under downward pressure.
Given that BTC is now trading above the 21 SMA and above the 5/8 Murray level, the outlook suggests it could continue rising until it reaches the psychological level of $80,000. If the upward momentum persists and it even reaches the 6/8 Murray level around $81,250, this level could, in turn, form a double top pattern if the instrument encounters strong resistance.
Looking at the H4 chart, Bitcoin reached $81,250 on August 26. If Bitcoin reaches this zone again in the coming hours and consolidates below it, we could view this as an opportunity to open short positions.
At current price levels above $78,125, we can continue buying Bitcoin; a pullback toward this zone or a technical rebound will be seen as a positive signal.
The Eagle indicator is showing a bullish signal, and we believe this zone will be a good point to buy above 5/8; we should also keep an eye on the 6/8 resistance zone to open short 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।
