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 $9,281, retreating after reaching strong resistance at the 94,200 level, which coincided with the 3/8 Murray and, in turn, with the 200 EMA.
In the coming days, Bitcoin is expected to continue its technical correction until it reaches the 2/8 Murray located at 87,500.
If Bitcoin consolidates below $94,000 in the coming hours, any failed attempt to break through this zone will be seen as an opportunity to open short positions with a target around the 21 SMA located at $90,780 and finally at the bottom of the uptrend channel around $87,700.
The Eagle indicator is showing overbought signs, so any technical rebound is expected to be seen as an opportunity to open short positions in Bitcoin for the next few days.
If Bitcoin consolidates above $94,000 in the coming days, we could expect it to reach the top of the uptrend channel around $96,500. This level could also serve as a point for opening short positions.
If the bullish momentum prevails and Bitcoin breaks through $96,500, it is more likely to reach the psychological level of $100,000. However, at this point, Bitcoin could accumulate strong overbought conditions and could be at risk of a technical correction.
*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.
