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!
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Bitcoin is trading around $65,475 within the uptrend channel that has been in progress since early July. Bitcoin is approaching the July 13 high of around $65,600. If Bitcoin encounters resistance around this 1/8 Murray level, we could expect a pullback toward the lower band of the uptrend channel around $64,500.
A pullback toward $64,000 or even toward the 21 SMA could be considered an opportunity to open long positions, and we expect Bitcoin to break through the strong resistance at $65,600, after which it could then quickly reach the 2/8 Murray level around $68,750 and ultimately the psychological level of $70,000.
A decisive break below the uptrend channel formed on the daily chart since July 1 could see the price reach the 0/8 Murray level around $62,500 and eventually plunge to the -1/8 Murray level around $59,375.
The Eagle indicator is reaching overbought levels. However, given that the trend remains bullish, we reckon that if the price reaches the June 15 high around $67,500 and encounters resistance around this area, we might look for opportunities to open short positions.
*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.
