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 $77,573, above the 21-day SMA and within the uptrend channel formed since early April, indicating a bullish bias.
Bitcoin is approaching the strong resistance zone located at the 5/8 Murray level. This level pushed Bitcoin down on April 15, causing it to reach the lower band of the uptrend channel around $74,000.
If, in the coming hours, Bitcoin tests the $78,125 zone and fails to consolidate above this level, it could be an opportunity to open short positions, targeting the psychological $75,000 level.
If Bitcoin decisively breaks through the $78,000 zone and continues to rise, we could expect it to reach the upper band of the uptrend channel around $79,700.
The Eagle indicator is showing negative signals and, in turn, overbought signals, so a good entry point for short positions could be considered below the 5/8 Murray line, with a target at the 200 EMA around $71,875.
*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.
