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 $70,236, below the 200-day EMA and within a downtrend channel that formed after it reached its high of $76,000.
In the coming hours, Bitcoin is likely to reach the 3/8 Murray level around $68,750 and could even reach the March 8 low around $65,500.
If Bitcoin consolidates above $71,000, we could expect a recovery, and this could be seen as a buying opportunity with targets at $71,900, where the 21 SMA is located. Once this level is surpassed, we can expect the price to quickly reach the 4/8 Murray level around $75,000.
The Eagle indicator is showing a negative signal, so if a pullback occurs toward the top of the downtrend channel around $71,500, it could be seen as a signal to open short positions with targets at $68,500, and BTC is even expected to reach the 2/8 Murray level around $62,500.
Bitcoin has demonstrated that $75,000 has now become a strong resistance level, and the $65,000 area acts as solid support, so we expect the price to trade within these ranges in the coming 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.
