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01.07.2025 06:56 PM
Trading Signals for BITCOIN for July 1-5, 2025: sell below $107,531 (7/8 Murray - 21 SMA)

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Bitcoin is trading around 106,521 below the 21SMA, showing the exhaustion of bullish strength and strong consolidation above the 6/8 Murray.

Bitcoin reached the price levels of June 15th around 108,760. Since then, we have observed a technical correction and believe it could continue its fall in the coming days until it reaches the psychological level of $100,000.

Should Bitcoin rebound above the 6/8 Murray, this could be seen as an opportunity to sell around 107,500. The 21SMA is located around this area, which could act as strong resistance.

On the other hand, with a sharp break below the 6/8 Murray, we could expect the Bitcoin price to reach the 200 EMA around 105,429 and even the 5/8 Murray at 103,125.

The eagle indicator has been showing a negative signal since June 30, which means we believe any technical rebound will provide a selling opportunity.

Dimitrios Zappas,
Analytical expert of InstaForex
© 2007-2025
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