REDATOR Ben Graham Posted January 6 REDATOR Report Share Posted January 6 Bitcoin is trading around $93,750, showing signs of exhaustion after approaching $95,000. Bitcoin could return to the psychological level of $90,000, and this area could serve as a good point to resume its bullish cycle.Bitcoin has been consolidating over the last few weeks above $87,500, a very strong support level, which suggests that it could reach the psychological level of $100,000 in the coming days.If the bullish outlook prevails and Bitcoin consolidates above the 3/8 Murray located at $93,750, it could continue to rise until it reaches the top of the uptrend channel around $98,960 and eventually reach the 4/8 Murray, which is roughly $100,000.The Eagle indicator is showing a negative signal, indicating that Bitcoin may struggle to continue rising in the coming hours. The instrument could potentially reach the 2/8 Murray support level around $87,500 or even the bottom of the uptrend channel formed since November 22, around $88,500.Following a technical correction expected in the coming hours, if Bitcoin consolidates around $90,000 or around the bottom of the uptrend channel, it will be seen as an opportunity to open long positions with short-term targets around $100,000.The material has been provided by InstaForex Company - www.instaforex.com Visitante_c5add416 1 1 Perfect! Thanks! Love it! Haha Confused :/ Oush! Wow! Liked! × 💬 Did you like this content? Your feedback is very important! Liked! Perfect! Thanks! Love it! Haha Confused :/ Oush! Wow! Quote Link to comment Share on other sites More sharing options...
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