30.07.202606:06 Forex Analysis & Reviews: Trading Signals for BTC/USD on July 30-31, 2026: buy above $64,250 (21 SMA - 200 EMA)

Relevance up to 00:00 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 $64,202 within a downtrend channel that has been forming since July 19, near the 21 SMA and the 200 EMA, with a positive bias. Therefore, we expect it to continue rising in the coming hours.

If Bitcoin consolidates above $64,250 in the coming hours, this could be seen as a positive signal, and we could buy with targets at the upper band of the downtrend channel around $65,150.

A decisive break above the downtrend channel and consolidation above $65,000 could be seen as a positive signal to buy Bitcoin, with targets at the July 25 high around $66,625, the July 20 high around $66,920, and finally around the 2/8 Murray level at $68,750.

Conversely, if Bitcoin encounters the 200 EMA zone as strong resistance, we could expect the downtrend to continue, potentially reaching the 0/8 Murray level around $62,500.

The Eagle indicator is showing a positive signal, and we expect Bitcoin to continue rising in the coming days. It could even reach the psychological level of $70,000.

Our trading plan for the next few hours will be to buy above the 200 EMA or sell below this zone.

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.