12.06.202608:31 Forex Analysis & Reviews: Trading Signals for BITCOIN (BTC/USD) on June 12-15, 2026: sell below $64,000 (21 SMA - 1/8 Murray)

Relevance up to 02:00 2026-06-26 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 $63,645, above the 21 SMA, and above the 0/8 Murray level, with a positive bias. However, BTC may struggle to continue rising as we observe a resistance level around $64,000.

Given that Bitcoin is showing a positive signal, we could continue buying in the coming days until it reaches the strong resistance of the 1/8 Murray level around $66,625.

Bitcoin is trading within an ascending trend channel formed on June 5th and could technically reach the upper band of this channel in the coming days. From that area, it could resume its bearish cycle.

According to the H4 chart, the area to take short positions could be when Bitcoin reaches $65,625 or the upper band of the ascending trend channel around $66,000. A break below this zone would be seen as a sell signal with targets around the Murray 0/8 level at $62,500.

If Bitcoin doesn't have the strength to rise to $66,000, we could expect it to form a double-top pattern around $64,000. It could then reverse bearishly and return to the $62,000 level around the 21-period SMA. Even if BTC breaks below the ascending trend channel, it could return to the $59,375 level.

Our trading plan for the next few hours is to wait for Bitcoin to break above $64,000 and then buy or sell below $64,000, with targets at $62,500 and around the psychological level of $60,000.

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.