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 hit a low of $58,700, a price level that coincided with the lower band of the downtrend channel formed since June 11 and also coincided with the -1/8 Murray level, which triggered a strong rebound, pushing the price up to $61,900.
Given that downward pressure continues for Bitcoin, technically, we could expect consolidation above the psychological level of $60,000. Otherwise, if BTC finds support around $59,375—where the Murray line is located—we could wait for this area to open long positions.
The Eagle indicator shows oversold conditions, so Bitcoin is expected to consolidate above $59,000 in the coming days. Any pullback toward this zone could present an opportunity to buy, with targets at the upper band of the downtrend channel around $64,000.
Conversely, a decisive break below $58,500 could change the outlook for Bitcoin, and we might expect it to reach the -2/8 Murray level around $55,000.
Looking at the H4 chart, we could expect a pullback to the 61.8% Fibonacci retracement level around $60,000, after which we could resume or add long positions with targets at $62,497, $63,000, and finally $64,120.
*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.
