31.07.202507:23 Forex Analysis & Reviews: Trading Signals for BITCOIN for July 31 - August 2, 2025: sell below $118,750 (6/8 Murray - 21 SMA)

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Bitcoin has continued its consolidation phase since July 15, hovering above $115,000 and below $119,000 for two weeks. This price range could give us the opportunity to buy whenever BTC touches the 5/8 Murray level and sell below the 6/8 Murray level.

If Bitcoin consolidates above $119,000 in the coming days, it could signal a bullish move. So, we believe it could reach the 7/8 Murray level at 121,878 and even its all-time high around $123,100.

Conversely, a drop and consolidation below the 200 EMA located around 114,855 could lead to a bearish acceleration to the psychological level of $110,000.

Bitcoin could offer us opportunities to buy and sell in the coming days. We should pay attention to support and resistance levels, especially those we see on the chart.

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