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!
Technical outlook:
Bitcoin has dropped to sub $42,000 mark as it continues to trade within a range. The crypto might be unfolding a potential triangle structure before dropping towards $37,000-38,000 levels, which is fiboacci 0.618 extension of the drop between $53,000 and $42,000. We can expect bulls to be back in control thereafter and push higher towards $65,000 at least.
Bitcoin is seen to be trading around $42,600 levels at this point in writing and is expected to drift sideways for a while. Please note if the price rallies from here and breaks above $48,000-49,000 zone, it will confirm a potential bottom in place and that bulls are back in control. Immediate price support is seen around $40,000, while resistance is at $48,000-50,000 mark.
Bitcoin structure remains bullish until prices stay above $35,000-36,000 zone going forward. Traders might be willing to initiate long positions against $35,000 mark with potential target above $65,000 in the next few weeks.
Trading plan:
Potential rally towards $65,000 against $35,000.
Good luck!
*这里的市场分析是为了增加您对市场的了解，而不是给出交易的指示。
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