05.06.202619:36 Forex Analysis & Reviews: Trading Signals for BTC/USD on June 5-30, 2026: buy above $60,000 (21 SMA - rebound)

Relevance up to 13:00 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 $60,532, reaching price levels last seen in February 2006 when it hit $59,735. Bitcoin could reach this low in the coming hours. If a technical bounce occurs, it could form a double bottom pattern, which would signify a sustained recovery in the short term.

The daily Bitcoin chart shows that it has reached oversold levels, and a recovery is technically expected in the coming hours.

Bearish pressure will continue over the next few days, so if a technical bounce occurs towards the strong Murray 2/8 support zone located around $68,750, the instrument could resume a bearish cycle.

Given that Bitcoin has reached the psychological level of $60,000, this level is key and decisive. Therefore, we would look for buying opportunities in the coming hours, always with a stop-loss order below the February low, with targets at the 0/8 Murray level around $62,500 and finally around $68,750.

If our strategy is bearish, we should wait for a technical bounce in the coming hours and then take short positions. A clear area to sell could be the $65,000 zone. This level also served as support in March and has now become strong resistance, so if Bitcoin reaches these levels, we could open short positions.

The daily chart shows that the Eagle indicator is showing a negative signal, so as long as the BTC/USD price remains below the 21 SMA and below the 200 SMA, any technical bounce in the medium term will be considered a signal to continue selling.

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.