Our team has over 7,000,000 traders!
Every day we work together to improve trading. We get high results and move forward.
Recognition by millions of traders all over the world is the best appreciation of our work! You made your choice and we will do everything it takes to meet your expectations!
We are a great team together!
InstaSpot. Proud to work for you!
Actor, UFC 6 tournament champion and a true hero!
The man who made himself. The man that goes our way.
The secret behind Taktarov's success is constant movement towards the goal.
Reveal all the sides of your talent!
Discover, try, fail - but never stop!
InstaSpot. Your success story starts here!
Bitcoin BTC/USD is trading with a bullish bias at about 60,798, testing the strong resistance of the 200 EMA and within the uptrend channel forming since August 16.
Bitcoin has a bullish outlook, but there is another resistance located at 61,600 which coincides with the top of the downtrend channel forming since August 6. Finally, it has another last resistance at 4/8 Murray located at 62,500.
If Bitcoin consolidates above the psychological level of $60,000, the outlook will remain bullish and the price could reach $62,500 in the coming days.
On the contrary, a drop below the 21 SMA located around 60,327 and a sharp break of the uptrend channel could accelerate the Bitcoin bearish cycle. Therefore, we could expect it to reach 3/8 Murray at 59,375 and eventually 2/8 Murray at 56,250, the level that coincides with the bottom of the main downtrend channel.
The Eagle indicator is showing a positive signal, so we continue to look for buying opportunities if Bitcoin bounces around $60,327 (21 SMA) or above $60,899, with targets at $61,500 and $62,500.
*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.
InstaSpot analytical reviews will make you fully aware of market trends! Being an InstaSpot client, you are provided with a large number of free services for efficient trading.
