See also
23.05.2025 06:16 PM
Bitcoin is trading around 109,369, bouncing back after reaching the key level of 107,500, which represents strong support for Bitcoin. If it consolidates above 108,700 (21SMA) in the coming hours, it could likely continue to rise and reach the all-time high of 111,840 again.
Technically, we believe Bitcoin is overbought and is likely to continue falling in the coming days until it reaches the psychological level of $100,000.
Our trading plan is to sell BTC below 108,700, or if it returns to $111,500, it will be seen as an opportunity to sell.
In the short term, we believe Bitcoin could reach $93,700, where 7/8 Murray is located. This level represents strong support, as it consolidated around this area in early May.
The eagle indicator is approaching overbought levels, so we should be careful if we are buying Bitcoin, as a sharp correction could occur unexpectedly.
Your IP address shows that you are currently located in the USA. If you are a resident of the United States, you are prohibited from using the services of InstaFintech Group including online trading, online transfers, deposit/withdrawal of funds, etc.
If you think you are seeing this message by mistake and your location is not the US, kindly proceed to the website. Otherwise, you must leave the website in order to comply with government restrictions.
Why does your IP address show your location as the USA?
Please confirm whether you are a US resident or not by clicking the relevant button below. If you choose the wrong option, being a US resident, you will not be able to open an account with InstaTrade anyway.
We are sorry for any inconvenience caused by this message.
