18.06.202608:27 Forex Analysis & Reviews: Trading Signals for BITCOIN (BTC) on June 18-20, 2026: buy above $64,000 (21 SMA - rebound)

Relevance up to 02:00 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 $64,084 following a sharp technical correction after reaching $67,500, which coincided with the upper band of the uptrend channel formed since early June. BTC is currently trading at a pivotal level for resuming its uptrend.

Given that the Eagle indicator remains in overbought territory, we should exercise caution if we plan to buy Bitcoin, as it is technically showing a negative signal. It is likely that, following a sharp break below the uptrend channel, BTC could reach the 0/8 Murray level around $62,500 and might even hit the psychological level of $60,000.

If Bitcoin consolidates and rebounds above $64—where the lower band of the uptrend channel is located—it could give us a positive signal to buy in the coming hours, with targets at the 1/8 Murray level around $65,641.

A decisive breakout and consolidation above the 1/8 Murray level and above the 21 SMA could drive Bitcoin toward the 200 EMA zone at $68,621, which also coincides with the 2/8 Murray level and the upper band of the uptrend channel.

Based on the technical and fundamental outlook, Bitcoin is likely to reach the psychological level of $60,000 in the coming days. Therefore, we must be cautious, as if the price remains below $65,000, the outlook could remain negative.

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.