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 is trading around 63,588, below the 200 EMA, and below the 21 SMA. Bitcoin reached the psychological level of $65,000, the area which coincided with 5/8 Murray.
After trying to break the bearish trend channel forming since April 21, the crypto found a strong rejection. Since then, we are watching a technical correction.
In the next few hours, Bitcoin could continue its rise. If the price reaches 63,975, it could be seen as an opportunity to resume selling operations with targets at 62,500 and 3/8 Murray located at 59,375.
On the contrary, if there is a pullback towards the top of the downtrend channel around 65,200 and if Bitcoin fails to consolidate above this area, it will be seen as a signal to sell with short-term targets at 2/8 Murray located at 56,500.
On the other hand, if Bitcoin trades below the 200 EMA (64,000) in the next few hours, it could be seen as a signal to sell as the eagle indicator is producing overbought signals. Therefore, a technical correction is likely to occur in the next few days.
*Analiza tržišta koja se ovde nalazi namenjena je boljem razumevanju tržišta i ne pruža instrukcije za vršenje trgovanja.
Uz InstaSpot-ove analitičke preglede uvek ćete biti u toku sa tržišnim trendovima! Klijentima InstaSpot-a su dostupni mnogobrojni besplatni servisi za uspešno trgovanje.
