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 $78,399 within a downtrend channel that has been forming since August 25. BTC is currently trading above the 21 SMA and above the 6/8 Murray level, so we believe the downtrend could continue in the coming days.
For Bitcoin to make a strong downward move, we should expect one of two scenarios: one in which it could reach the 61.8% Fibonacci retracement level around the psychological $80,000 mark.
Another scenario is that Bitcoin could break below $78,200 and consolidate below this zone; this could then be seen as an opportunity to sell, anticipating a move toward the 4/8 Murray level around $75,000. BTC could even find strong support around $72,800, a level that coincides with the lower band of the downtrend channel.
If Bitcoin breaks above the psychological level of $80,000, the outlook could remain positive; we could expect it to break above the 6/8 Murray level, after which it could reach $81,250, and beyond that zone, it could reach the psychological level of $85,000.
Technically, the Eagle indicator is showing a negative signal and is expected to continue declining in the coming days; the first target is for it to reach $75,000, and the final target is for it to find strong support around the 200-day moving average, located at the psychological level of $70,000.
*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.
