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 $89,933, rebounding after reaching the 2/8 Murray ($87,500) and the bottom of the downtrend channel formed since January 12.
Bitcoin is struggling to continue rising as it is facing strong resistance from the 200 EMA around $91,649 and the top of the downtrend channel located at $92,500.
If Bitcoin continues to rise in the coming hours, we could open positions to buy with targets at $91,649 and finally $92,500.
On the contrary, if Bitcoin decisively breaks the downtrend channel and consolidates above $93,000, the outlook could be positive.
If BTC/USD continues to rise, it will have to challenge the strong 3/8 Murray resistance located at $93,750. Once this level is broken, we could expect Bitcoin to continue rising and reach January's high of around $98,000 and finally reach the psychological level of $100,000.
If Bitcoin encounters a strong barrier around the top of the downtrend channel, it suggests an opportunity to open short positions with targets at $87,500 and finally at the 1/8 Murray around $81,000.
The Eagle indicator is showing positive signals, so any pullback in Bitcoin will be seen as a signal to buy.
*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.
