Our team has over 7,000,000 traders!
Every day we work together to improve trading. We get high results and move forward.
Recognition by millions of traders all over the world is the best appreciation of our work! You made your choice and we will do everything it takes to meet your expectations!
We are a great team together!
InstaSpot. Proud to work for you!
Actor, UFC 6 tournament champion and a true hero!
The man who made himself. The man that goes our way.
The secret behind Taktarov's success is constant movement towards the goal.
Reveal all the sides of your talent!
Discover, try, fail - but never stop!
InstaSpot. Your success story starts here!
Bitcoin is trading around 112,800, retreating after reaching the 5/8 Murray level around 115,625 and encountering strong resistance around the 200 EMA, which pressured Bitcoin.
We now believe BTC could continue its fall in the coming days, reaching the psychological level of $110,000.
If Bitcoin consolidates above 112,500 and then breaks and consolidates above the 21 SMA located at 113,200, this will be seen as a clear buy signal with targets at the 200 EMA around 116,114.
Conversely, if Bitcoin consolidates below the 4/8 Murray level, then the outlook could be negative. Thus, the price could even reach the bottom of the downtrend channel around 105,800.
The eagle indicator has reached oversold levels, so Bitcoin is expected to continue rebounding in the coming days, and we will look for opportunities to continue buying.
*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.
