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 $63,645, above the 21 SMA, and above the 0/8 Murray level, with a positive bias. However, BTC may struggle to continue rising as we observe a resistance level around $64,000.
Given that Bitcoin is showing a positive signal, we could continue buying in the coming days until it reaches the strong resistance of the 1/8 Murray level around $66,625.
Bitcoin is trading within an ascending trend channel formed on June 5th and could technically reach the upper band of this channel in the coming days. From that area, it could resume its bearish cycle.
According to the H4 chart, the area to take short positions could be when Bitcoin reaches $65,625 or the upper band of the ascending trend channel around $66,000. A break below this zone would be seen as a sell signal with targets around the Murray 0/8 level at $62,500.
If Bitcoin doesn't have the strength to rise to $66,000, we could expect it to form a double-top pattern around $64,000. It could then reverse bearishly and return to the $62,000 level around the 21-period SMA. Even if BTC breaks below the ascending trend channel, it could return to the $59,375 level.
Our trading plan for the next few hours is to wait for Bitcoin to break above $64,000 and then buy or sell below $64,000, with targets at $62,500 and around the psychological level of $60,000.
*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.
