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 $78,326, finding strong support near the 5/8 Murray level. This area could enable a technical bounce toward the psychological level of $80,000, as the upper band of the downtrend channel lies near this zone.
If Bitcoin consolidates above $78,125 in the coming hours, it will be seen as a buying opportunity, with targets at $79,593. A decisive break above this zone could drive Bitcoin toward the 6/8 Murray level around $81,250.
Conversely, a break below the 5/8 Murray level could be seen as a bearish signal, and we expect Bitcoin to reach the lower band of the uptrend channel around $77,000. A break below this zone could push the instrument to the lower band of the downtrend channel, located around the psychological level of $75,000.
Bitcoin is expected to continue its technical correction in the coming days. Hence, a strong downward move is realistic.
Given that Bitcoin has upside potential and is currently trading above the 5/8 Murray level, we should keep an eye on this area; a technical bounce could be a positive signal to buy in the coming hours.
The Eagle indicator is showing a negative signal, and we believe Bitcoin could continue to fall in the coming days if the price drops below the 5/8 Murray level.
*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.
