Kereskedési feltételek
Products
Eszkozok
Bitcoin is trading around $68,487 below the 21 SMA, showing signs of exhaustion after attempting to break the downtrend channel around $72,000.
Bitcoin is expected to resume its bearish cycle in the coming days and could reach the 2/8 Murray around $62,500. If bearish pressure prevails, BTC is expected to plunge to the 1/8 Murray around $56,250.
The outlook for Bitcoin remains bearish, so we will look for opportunities to open short positions below the psychological level of $70,000.
A consolidation above $70,000 and a break of the downtrend channel could see Bitcoin recover and reach the 4/8 Murray around $75,000.
In the meantime, Bitcoin is likely to move within the range below $70,000 and above $60,000 for the next few days.
The Eagle indicator is showing a bullish signal, so a technical rebound is likely to occur around $62,500 and could be seen as an opportunity to plan long positions.
InstaForex analytical reviews will make you fully aware of market trends! Being an InstaForex client, you are provided with a large number of free services for efficient trading.