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!
Over the weekend, Bitcoin managed to break above the 200 EMA and consolidate above $82,000, rising to a high of around $83,000 from a low near the psychological level of $81,000.
Analyzing this bullish momentum in Bitcoin, we might have expected the price to remain above the 200 EMA. However, it failed to break out of the downtrend channel and is now experiencing a technical correction.
If the price consolidates below $82,000 and below the 200 EMA in the coming days, that would be a bearish signal and could open the path to $80,000 and ultimately the 5/8 Murray level near $78,125.
A break below the 6/8 Murray level would add to the downward pressure, as this zone represents a final support level for Bitcoin. In that case, we could expect a rapid slide toward $78,000 and even the lower band of the downtrend channel around $77,071.
Conversely, a decisive break above the downtrend channel and above $83,000 could be seen as a bullish signal for Bitcoin. In that case, it would be wise to consider long positions with targets at 84,375 and then $87,500, around the 8/8 Murray level.
The Eagle indicator is currently negative, so our bias for the coming days will be toward selling Bitcoin.
*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।
