empty
 
 
it
Supporto
Apertura rapida di un conto
Piattaforma di trading
Ricaricare / Prelevare

04.11.202506:25 Forex Analysis & Reviews: Trading Signals for BITCOIN for November 4-6, 2025: buy above $106,200 (21 SMA - 2/8 Murray)

Exchange Rates 04.11.2025 analysis

Bitcoin is trading around $106,574 within a descending trend channel formed on October 27th, bouncing after reaching the key 2/8 Murray support level.

If Bitcoin's price consolidates above the 2/8 Murray support level in the coming hours, we could expect a recovery, potentially climbing to the top of the descending trend channel around $109,000.

A strong resistance zone is located around the psychological level of $110,000, which coincides with the 3/8 Murray level and the 200 EMA. This level could act as a strong barrier for Bitcoin. If the price fails to break through this zone, the bearish cycle could resume.

We believe that Bitcoin could continue to fall in the coming days if the price retraces or consolidates below $106,000, which could exert strong downward pressure. So, we could expect BTC to reach 1/8 Murray around 103,125.

*La presente analisi del mercato ha un carattere esclusivamente informativo e non rappresenta una guida per l`effettuazione di una transazione.

Dimitrios Zappas,
Analytical expert of InstaSpot
© 2007-2025
Approfittati subito dei consigli degli analisti
Deposita i fondi sul conto di trading
Apri un conto di trading

Le recensioni analitiche di InstaSpot ti renderanno pienamente consapevole delle tendenze del mercato! Essendo un cliente InstaSpot, ti viene fornito un gran numero di servizi gratuiti per il trading efficiente.

In questo momento non potete parlare al telefono?
Ponete la vostra domanda nella chat.