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 decreased again trying to accumulate more bullish energy before jumping higher. The bias is bullish, so BTC/USD could resume its growth soon after it ends its current decline.
The price has come back down to test and retest the immediate support levels before starting a new upside momentum. Bitcoin could move sideways in the short term before more buyers will step into the game.
BTC/USD has found resistance above 56,873 and now is retesting the upside 50% Fibonacci line of the descending pitchfork. The bias remains bullish as long as the price stays above the immediate black uptrend line.
It could retest the weekly pivot (54,679) before developing a new leg higher. The uptrend line retest could signal further growth as well.
Coming back above 56,873 is seen as a new long opportunity with an upside target at the upper median line (uml) of the descending pitchfork.
*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.
InstaSpot analytical reviews will make you fully aware of market trends! Being an InstaSpot client, you are provided with a large number of free services for efficient trading.
