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23.03.202617:18 Forex Analysis & Reviews: Trading Signals for BITCOIN (BTC) on March 23-26, 2026: buy above $69,780 (21 SMA - 3/8 Murray)

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Exchange Rates 23.03.2026 analysis

Bitcoin is rebounding after hitting a low of $67,323; it is currently trading around $71,696, up more than 5%, and is likely to continue rising in the coming days until it reaches the 4/8 Murray level around $75,000.

If Bitcoin consolidates above the psychological level of $70,000 in the coming hours, we could expect it to continue rising, and this could be seen as a signal to open long positions.

A pullback toward the 200 EMA around $70,855 or the 21 SMA at $69,714 would be a good point to place buy orders, as technically, the crypto could be gaining new upward momentum and could support the cryptocurrency's recovery.

If the BTC price falls back below $68,750, where the 3/8 Murray level is located, it could invalidate the bullish move, and we expect it to continue its bearish sequence, potentially reaching the 2/8 Murray level around $62,850.

Dimitrios Zappas
Analytical expert of InstaForex
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