19.03.202607:25 Forex Analysis & Reviews: Trading Signals for BTC/USD on March 19-21, 2026: buy above $69,776 (21 SMA - 3/8 Murray)

Relevance up to 01:00 UTC--4

This information is provided to retail and professional clients as part of marketing communication. It does not contain and should not be construed as containing investment advice or investment recommendation or an offer or solicitation to engage in any transaction or strategy in financial instruments. Past performance is not a guarantee or prediction of future performance. Instant Trading EU Ltd. makes no representation and assumes no liability as to the accuracy or completeness of the information provided, or any loss arising from any investment based on analysis, forecast or other information provided by an employee of the Company or otherwise. Full disclaimer is available here.

Bitcoin is trading around $71,042 amid a bearish correction after reaching the psychological $75,000 level, which is located around the 4/8 Murray line.

Bitcoin has key support around $69,776, where the 21 SMA is located. Slightly below that is another support level around the 3/8 Murray line at $68,750.

If Bitcoin falls to any of these support levels in the coming hours, it could be seen as a buying opportunity should a technical rebound occur, and it is likely to return to the $75,000 zone in the coming days.

According to the daily chart, Bitcoin is within an uptrend channel formed since February 5, when it reached the psychological level of $60,000. It is likely to continue consolidating below $75,000 and above $67,000 in the coming days.

Bitcoin is likely to find support around $68,750, so this could be a good point to open long positions, with targets at $73,000 and ultimately around $75,000; it could even reach the top of the uptrend channel around $77,500.

A drop in BTC/USD below $68,750 could accelerate the downward movement, and we could expect it to reach the lower band of the uptrend channel around $65,600.

Back to the list

Open trading account

InstaForex analytical reviews will make you fully aware of market trends! Being an InstaForex client, you are provided with a large number of free services for efficient trading.