15.06.202617:17 Forex Analysis & Reviews: Trading Signals for BITCOIN (BTC) on June 15-18, 2026: sell below $67,000 (21 SMA - 0/8 Murray)

Relevance up to 11:00 2026-06-29 UTC--4

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Bitcoin is trading around $66,747, having reached the upper band of the uptrend channel formed since July 5. The price may struggle to continue rising, as a technical correction could occur in the coming hours.

Given that Bitcoin has reached overbought levels, as seen on the H4 chart—where the Eagle indicator has hit 95 points—this suggests a potential technical reversal in the coming hours toward the 1/8 Murray zone. BTC could even retreat to the 0/8 Murray zone around $62,500.

In case of a technical correction, we should monitor to ensure the price does not exceed $67,000. Below this zone, we could look for opportunities to sell in the coming days until the price reaches the lower band of the uptrend channel around $63,000.

Given that the likelihood of a technical correction is higher than the probability of Bitcoin continuing to rise in the coming hours, we should exercise caution and only look for a clear signal to open short positions. Our entry target is a price trading below the lower band of the uptrend channel.

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