REDATOR Ben Graham Posted January 28 REDATOR Report Share Posted January 28 Bitcoin is trading around $83,135 within the downtrend channel formed since January 12, below the 200 EMA and above Murray's 6/8, showing consolidation.Bitcoin is expected to continue rising in the coming hours and consolidate above $87,500, then it could challenge the upper band of the downtrend channel around $89,700.If Bitcoin breaks and consolidates above the psychological level of $90,000 and above the 200 EMA, we could expect a continuation of Bitcoin's upward movement. With a break above this area, BTC could reach the 7/8 Murray at $93,750 and could even reach the psychological level of $100,000 around the 8/8 Murray.Given that the Eagle indicator is showing a positive signal, we can expect a technical correction in Bitcoin in the coming hours, followed by a resumption of long positions.A drop below $87,500, which has now become strong support, could take it towards the low of $81,000.The material has been provided by InstaForex Company - www.instaforex.com 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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