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Bitcoin is trading around 62,500 and around the key 4/8 Murray level, which represents a rebound point for the cryptocurrency. In case BTC manages to consolidate above this area, we can expect a technical rebound to occur and the price could reach 64,884 and 66,737.
In case Bitcoin falls below 4/8 Murray, we could look for opportunities to sell with targets at the psychological level of $60,000 and at 3/8 Murray located at 59,376.
The eagle indicator reached the oversold zone. Thus, a technical bounce is likely to occur in the next few days and will be seen as an opportunity to buy.
The 4/8 Murray zone is a key level. Therefore, we must pay attention to this level and be alert for a rebound in the price above this area. If this happens, the entry signal to buy will be confirmed, with the target at the psychological level of $70,000.
On the contrary, a daily close below this 4/8 Murray area could change the outlook in the medium term and Bitcoin could reach the psychological level of $50,000.
¡Los informes analíticos de InstaForex lo mantendrá bien informado de las tendencias del mercado! Al ser un cliente de InstaForex, se le proporciona una gran cantidad de servicios gratuitos para una operación eficiente.
