empty
 
 
en
Support
Instant account opening
Trading Platform
Deposit/Withdraw

06.10.202508:06 Forex Analysis & Reviews: Trading Signals for BITCOIN for October 6-8, 2025: buy above $122,500 (21 SMA - 8/8 Murray)

Exchange Rates 06.10.2025 analysis

Bitcoin is trading around 123,616, bouncing within the bullish trend channel formed on September 26. Bitcoin could continue rising in the coming hours, reaching 8/8 Murray around $125,000 and could even surpass its high and reach +1/8 Murray around 128,125.

Conversely, if Bitcoin falls below the 21SMA at 122,243, we could expect a trend reversal, and it could reach 6/8 Murray at 118,750.

The eagle indicator on the H4 chart has reached the overbought zone. We believe that Bitcoin below the psychological level of $125,000 could undergo a strong technical correction in the coming days and reach 5/8 Murray around 115,316.

Our outlook for Bitcoin is positive, so we will look for buying opportunities above 122,240 in the coming hours. Any pullback and any price above this level will be seen as a signal to continue buying.

*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.

Dimitrios Zappas,
Analytical expert of InstaSpot
© 2007-2025
Benefit from analysts’ recommendations right now
Top up trading account
Open trading account

InstaSpot analytical reviews will make you fully aware of market trends! Being an InstaSpot client, you are provided with a large number of free services for efficient trading.

Can't speak right now?
Ask your question in the chat.