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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Over the past weekend, US President Donald Trump said he believes in Bitcoin and the digital asset market. Lately Trump has become an active participant in debates about the future of financial technology, particularly concerning cryptocurrencies and artificial intelligence. His remarks reflect a desire for America to retain leadership in innovative industries, which, in his view, is crucial for the country's economic prosperity.
Trump stressed that cryptocurrency is a large industry, which has in some respects become mainstream. Banks use it, people use it. He added that the US wants to be leaders in AI and in crypto, noting the rising importance of digital assets and AI technologies in the modern economy. He sees these areas not only as new business opportunities but also as a way to strengthen US global competitiveness.
Trump paid particular attention to creating a favorable regulatory environment for the crypto industry. He said that he was committed to ensuring the crypto industry succeeded, emphasizing his support for the sector's development. Clearly, this stance aims to remove uncertainty and create clear rules of the game, allowing innovation to flourish and investors to feel more confident. In this context, Trump voiced strong support for the Clarity bill, which, he said, is designed to resolve issues related to cryptocurrencies.
The US president indicated he is prepared to sign the bill immediately once it passes Congress. Criticizing banks for their potential resistance to the bill, for reasons the banks may have, he promised not to allow their interests to block what he considers an important law for the entire industry.
Trading recommendations:
Regarding Bitcoin's technical picture, buyers are currently targeting a return to $79,100, which opens a direct route to $80,900, and from there to $83,100. The most distant target is the high around $85,600, breaching which would signal attempts to return to a bull market. In case of a decline, I expect buyers at $76,800. A drop below that area could quickly push BTC toward $75,000. The furthest target there would be around $73,100.
Regarding Ethereum's technical picture, a clear consolidation above $2,394 opens a direct route to $2,459. The most distant target is the high near $2,575, breaching which would indicate strengthening bullish sentiment and a return of buyer interest. In case of a decline, I expect buyers at $2,314. A return of the instrument below that area could quickly send ETH toward $2,228. The furthest target there would be around $2,162.
What we see on the chart:
- Red lines indicate support and resistance levels where either a price slowdown or active growth is expected;
- Green lines indicate the 50-day moving average;
- Blue lines indicate the 100-day moving average;
- Light green lines indicate the 200-day moving average.
A crossover, or a price test of moving averages, typically either halts the move or sparks fresh market momentum.
*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.
