11.06.202505:16 Forex Analysis & Reviews: Trading Signals for BITCOIN (BTC/USD) for June 11-13: sell below $110,700 (21 SMA - 200 EMA)

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 110,726, undergoing a technical correction after reaching 110,726, a level seen at the end of May.

Bitcoin has formed a double top pattern, so we believe that if it consolidates below 110,700, we could expect a technical correction towards 107,586 and could even reach 104,146 (200 EMA).

On the other hand, if there is a break above 110,700, it could reach the key +2/8 Murray level located at 112,500.

This level is key and could be seen as a selling opportunity. Technically, Bitcoin is showing signs of exhaustion, and we believe a technical correction could occur in the coming days.

Therefore, we should look to sell at current price levels with targets at the psychological level of $100,000.

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.