REDATOR Ben Graham Posted January 7 REDATOR Report Share Posted January 7 Bitcoin traded around $92,493 after encountering strong resistance around $94,800. It is likely that Bitcoin will continue its downtrend in the coming hours and could reach the 200 EMA around $90,146.If Bitcoin recovers above $92,500 in the coming hours, we could expect it to reach $95,000 and could even reach the top of the uptrend channel around $96,375. A decisive break above $96,000 could be the start of a new bullish cycle, and Bitcoin could reach the psychological level of $100,000.The Eagle indicator has reached overbought levels and is giving a negative signal, so we must be very careful when buying Bitcoin, as a strong technical correction could occur in most cryptocurrencies.A good point to open long positions is to wait for Bitcoin to reach $90,000, a psychological level that also coincides with the 200 EMA, which could be seen as an opportunity to enter long positions with a target at $100,000.The material has been provided by InstaForex Company - www.instaforex.com Visitante_5067b176 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...
Recommended Posts
Join the conversation
You can post now and register later. If you have an account, sign in now to post with your account.
Note: Your post will require moderator approval before it will be visible.