REDATOR Ben Graham Posted January 21 REDATOR Report Share Posted January 21 Bitcoin is trading around $89,333, rebounding after reaching $87,600. This level coincided with the 2/8 Murray support, which gave it an opportunity for a technical rebound.If Bitcoin continues to recover some of its losses and consolidates above $87,500 in the coming hours, it will be seen as an opportunity to open long positions with targets at the 200 EMA around $91,688 and the 21 SMA located at $92,620.On the contrary, if Bitcoin falls below $87,500, a strong bearish acceleration will follow, and BTC could reach the 1/8 Murray around $81,250. This level could be the target for bears.Given that Bitcoin is under bearish pressure, if it fails to consolidate above $92,700, it will be seen as a signal to open short positions, with targets at $87,000 and $81,250.The Eagle indicator has reached oversold levels, so a technical rebound is likely to occur in the coming days. If Bitcoin consolidates above the 2/8 Murray, it will be seen as a signal to enter long positions. Once the price is below $92,500, it will be treated as a bearish signal.The material has been provided by InstaForex Company - www.instaforex.com Visitante_8d937747 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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