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 $87,891 after a sharp drop to $84,323 yesterday during the US session. We are now seeing a recovery and consolidation above the 2/8 Murray and above the 21 SMA, indicating a possible breakout from the downtrend channel.
According to the H4 chart, we can see that Bitcoin has formed a double bottom pattern, which could indicate that Bitcoin could rebound to $93,750 in the future and even return to the psychological level of $100,000.
Meanwhile, we can see that the instrument is within the downtrend channel formed since December 8. So, if it reaches $88,700 and tries unsuccessfully to break this zone, it could be seen as an opportunity to open short positions.
On the contrary, if Bitcoin breaks decisively and consolidates above $89,250, it could be seen as a positive sign, and it could reach the 200 EMA around $91,550 in the short term or even reach 3/8 Murray around $93,750.
Given that Bitcoin has recovered rapidly in recent hours, a technical correction is likely. If the price returns below $87,500, it could be seen as a negative signal, and Bitcoin could once again reach the bottom of the downtrend channel around $82,500 and could even reach the 1/8 Murray around $81,250.
*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.
