16.03.202616:27 Forex Analysis & Reviews: Trading Signals for BITCOIN on March 16-19, 2026: sell below $75,000 (21 SMA - 4/8 Murray)

Relevance up to 10:00 2026-03-30 UTC--4

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Bitcoin is trading around $73,813, approaching the strong 4/8 Murray resistance level and the psychological $75,000 mark.

Bitcoin shows upside potential, but it may struggle to break through the $75,000 barrier, as this represents strong weekly resistance. BTC is likely to face strong selling pressure below this zone.

If Bitcoin continues to rise and consolidates above $75,000, we could expect it to reach the top of the uptrend channel around $77,200.

If Bitcoin reaches $75,000 in the coming hours, this zone could be seen as a good point to take short positions, as the H4 chart shows the price is exhibiting signs of exhaustion, and a technical correction is likely to occur in the coming days.

An area to consider short positions if the price exceeds $75,000 will be the upper band of the uptrend channel; a move below $77,500 will be seen as a sell signal.

If Bitcoin falls from current price levels, we could sell with targets around the 200 EMA at $70,654. The crypto is ultimately expected to find strong support around the 3/8 Murray line at $68,750.

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