empty
28.07.2025 06:41 AM
Trading Signals for BITCOIN for July 28-30, 2025: sell below $119,800 (200 EMA - 21 SMA)

This image is no longer relevant

Bitcoin is in a correction phase after recently reaching $19,750. BTC is undergoing a technical correction, so the price is likely to drop in the coming hours toward the 21SMA located at 117,744.

On the H4 chart, Bitcoin is in a consolidation phase, and strong resistance is observed around $121,000 and $120,000, which represents the psychological landmark.

A drop in Bitcoin below 117,400 could signal a further bearish movement, potentially reaching the 5/8 Murray level at 115,625. The crypto could eventually reach last week's low around 114,700.

Bitcoin is expected to continue trading within this price range in the coming days, so we will look for opportunities to sell below $121,000 and buy above $115,000.

Key support levels to watch for the next few hours are the 21SMA located around 117,400, the 5/8 Murray at 115,625, and the 21SMA around 114,249.

Key resistance levels are 120,187, 121,200, and finally the 7/8 Murray around 121,875.

Dimitrios Zappas,
Analytical expert of InstaForex
© 2007-2025
Summary
Urgency
Analytic
Dimitrios Zappas
Start trade
Earn on cryptocurrency rate changes with InstaForex
Download MetaTrader 4 and open your first trade
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST

Recommended Stories

USD/JPY. Analysis and Forecast

Technically speaking, the price holding above the round-number level of 148.00 paves the way for continued growth in the USD/JPY currency pair. Additionally, daily chart oscillators remain in positive territory

Irina Yanina 21:45 2025-09-22 UTC+2

Forecast for EUR/USD on September 22, 2025

On Friday, the EUR/USD pair continued its decline after bouncing off the 1.1789–1.1802 zone. The decline in the euro may continue toward the 76.4% corrective level at 1.1695

Samir Klishi 11:45 2025-09-22 UTC+2

Forecast for GBP/USD on September 22, 2025

On the hourly chart, the GBP/USD pair continued its decline on Friday after consolidating below the 1.3587–1.3620 zone and ended the day with a close below the 76.4% Fibonacci level

Samir Klishi 11:36 2025-09-22 UTC+2

GBP/USD. Technical Analysis for the Week of September 22–27

Last week, the pair moved upward toward the Bollinger Band line at 1.3721 (black dashed line), and then the price turned downward, closing the weekly candle at 1.3466

Stefan Doll 11:24 2025-09-22 UTC+2

EUR/USD. Technical Analysis for the Week of September 22–27

Last week, the pair moved upward and tested the 161.8% target level at 1.1886 (red dashed line), after which the price moved down, closing the weekly candle at 1.1745

Stefan Doll 11:21 2025-09-22 UTC+2

GBP/USD Indicator Analysis on September 22, 2025

On Friday, the pair moved downward, breaking through the 61.8% retracement level at 1.3465 (blue dashed line), and closed the daily candle at 1.3462. Today, the price will attempt

Stefan Doll 11:14 2025-09-22 UTC+2

EUR/USD. Indicator Analysis on September 22, 2025

On Friday, the pair moved downward. The 13-period EMA – 1.1698 (yellow thin line) turned upward, closing the daily candle at 1.1745. Today, the pair will attempt to begin upward

Stefan Doll 11:10 2025-09-22 UTC+2

Forex forecast 22/09/2025: EUR/USD, GBP/USD, USD/JPY, Gold, Ethereum and Bitcoin

Useful links: My other articles are available in this section InstaForex course for beginners Popular Analytics Open trading account Important: The begginers in forex trading need to be very careful

Sebastian Seliga 10:41 2025-09-22 UTC+2

USDX today has the potential to strengthen up to the nearest Resistance level. Monday, September 22, 2025.

[USDX] – [Monday, September 22, 2025] With the RSI in the Neutral-Bullish area and supported by both EMAs forming a Golden Cross, #USDX is likely to strengthen to its nearest

Arief Makmur 07:31 2025-09-22 UTC+2

There is potential weakness in Crude Oil today down to its nearest Support level. Monday, September 22, 2025.

[Crude Oil] – [Monday, September 22, 2025] Although the RSI is in the Neutral-Bullish area, but with both EMAs crossing in a Death Cross configuration, #CL is likely to weaken

Arief Makmur 07:31 2025-09-22 UTC+2
Can't speak right now?
Ask your question in the chat.
Widget callback
 

Dear visitor,

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?

  • - you are using a VPN provided by a hosting company based in the United States;
  • - your IP does not have proper WHOIS records;
  • - an error occurred in the WHOIS geolocation database.

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 InstaForex anyway.

We are sorry for any inconvenience caused by this message.