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!
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Black line- horizontal resistance
Blue line- horizontal support
Bitcoin is trading once again above $30,000 price level. Short-term trend is bullish after the bounce off the blue horizontal support line at $24,750. Bitcoin bulls are now challenging the black horizontal resistance line around $32,100. Bitcoin price has made no real progress over the last 7 moths. Price has been trading inside this trading range of $32,000-$24,700. The support has been tested two times and both times bulls managed to defend it. The resistance around $32,000 was also tested two times and bulls failed both times to break above it. This is the 3rd time to test this resistance. It will be an important bullish sign if there is a break out.
*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.
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