Permanecer 
Condições de Negociações
Ferramentas
Bitcoin is rising above the 2/8 Murray after a brief pause around $87,500. BTC has gained bullish momentum above this area.
If the bullish force prevails, it could be seen as a signal to open long positions. We believe that it could reach the 200 EMA around $90,453 in the coming days and even reach $93,750.
There is a negative divergence, which should make us very cautious, as the Eagle indicator is reaching overbought levels. So, it is likely that after a strong upward movement or around $89,000-$90,500, we could expect a new technical correction.
Bitcoin is likely to undergo a technical correction from current price levels, as we observe that it is reaching the top of the downtrend channel, which could act as a strong barrier.
On the other hand, if BTC breaks through this resistance zone, it could face the next resistance around $90,453 (200 EMA). The Eagle indicator is showing exhaustion of bullish strength, and it is likely that there could be a technical correction in the coming hours.
The outlook could be bearish for the next few hours as long as the price trades below $89,500. If Bitcoin finds good support around the 2/8 Murray, it will be seen as an opportunity to open long positions on the technical rebound.
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.
