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 $81,009, below the 6/8 Murray level, and pulling back after reaching a new high of around $82,304.
Bitcoin was unable to break above $82,300, as this zone coincided with the upper band of the uptrend channel formed since August 21, and Bitcoin is likely to struggle to continue rising above this zone.
If Bitcoin falls below $81,250 in the coming hours, it could be seen as an opportunity to sell, with targets at $78,125, and it is expected to reach the lower band of the uptrend channel around $77,000.
The outlook remains bullish for Bitcoin, so a pullback toward the 5/8 Murray level or the 21 SMA at $78,125 could signal a strong technical rebound, and we could open long positions with targets at about $81,250 and ultimately at $82,300.
Bitcoin is strongly overbought on the daily chart so we could expect a reversal in the coming days. In this case, we must monitor whether the price remains below the 6/8 Murray level; if so, it could be considered a selling opportunity.
Our trading plan for the next few hours is to sell Bitcoin below $81,250; alternatively, if there is a pullback toward $82,300, that could also be considered a sell signal. The Eagle indicator is showing a negative signal, suggesting that Bitcoin will undergo a technical correction in the coming days.
*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.
