06.03.202618:07 Forex Analysis & Reviews: Trading Signals for Bitcoin (BTC/USD) on March 6-9, 2026: sell below $71,125 (21 SMA - 3/8 Murray)

Relevance up to 12:00 2026-03-20 UTC--4

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Bitcoin is trading around $70,012, around the psychological level of $70,000, below the 21 SMA, and below the 200 EMA with a bearish bias after attempting to break the uptrend channel.

Bitcoin is expected to continue falling in the coming hours if the price consolidates below $71,126. The key downward target for the cryptocurrency is the 3/8 Murray around $68,750.

If Bitcoin rebounds above the 3/8 Murray around $68,750 and consolidates above this zone in the coming days, it will be seen as an opportunity to open long positions with targets at about the 4/8 Murray of $75,000.

On the contrary, a consolidation below $68,500 could lead to a sharp downward acceleration, and BTC could reach the lower band of the uptrend channel around $66,500.

The Eagle indicator is producing a negative signal. So, if a pullback occurs towards $71,126, where the 200 EMA is located, it will be seen as a signal to sell in the coming days.

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