REDATOR Ben Graham Posted January 16 REDATOR Report Share Posted January 16 Bitcoin is trading around $95,472 within a secondary downtrend channel formed since January 14 after encountering strong rejection around $98,000.Bitcoin could continue to fall in the coming hours until it reaches the key 3/8 Murray support located at $93,750.If Bitcoin consolidates above the 21 SMA located around $95,000, it will be seen as an opportunity to open long positions, with targets at $96,800, $98,000, and finally at the 4/8 Murray around the psychological level of $100,000.If the price falls below the 21 SMA, we could expect a technical correction, and Bitcoin could reach the bottom of the uptrend channel located at $92,500 and could even find good support around the 200 EMA located at $91,300.The Eagle indicator is showing a positive signal, so it is likely that Bitcoin will continue to rise in the coming days and could reach the psychological level of $100,000.Our trading plan for the next few hours is to buy Bitcoin above $95,000, with targets at 98,000 and $100,000.The material has been provided by InstaForex Company - www.instaforex.com Visitante_8f104ed3 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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