16.06.202605:49 Forex Analysis & Reviews: Trading Signals for BITCOIN on June 16-18, 2026: buy above $64,758 (21 SMA - 1/8 Murray)

Relevance up to 23:00 2026-06-29 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 $66,190, pulling back after reaching a high of around $67,293. This level coincided with the upper band of the uptrend channel, where Bitcoin encountered strong resistance, and we now expect it to continue falling in the coming days.

If Bitcoin rebounds above $66,000 in the coming hours, we could expect an attempt to test the strong resistance at $67,300 again. This level could offer an opportunity to reopen short positions, with the nearest targets at the 21 SMA around $64,758. Ultimately, we could expect BTC to reach the lower band of the uptrend channel around $63,500.

Bitcoin is expected to trade between a high of $67,300 and a low of $63,000 in the coming days; this range could allow us to look for opportunities to buy and sell.

A good idea could be waiting for Bitcoin to reach support at $64,800—a level that coincides with the 21 SMA and could allow us to reopen long positions. Following a relief from the downward pressure, as observed on the H4 chart—since the Eagle indicator has reached extremely overbought levels—we could buy again.

A decisive break below the downtrend channel could accelerate Bitcoin's bearish cycle, and we could expect it to retest the psychological level of $60,000 and potentially even reach the -1/8 Murray level around $59,375.

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.