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27.07.202609:40 Forex Analyse & Reviews: Trading Signals for BITCOIN on July 27-29, 2026: sell below $65,700 (21 SMA - 7/8 Murray)

Relevance up to 03:00 UTC--4

Exchange Rates 27.07.2026 analysis

Bitcoin is trading around $65,188. After hitting 63,900 over the weekend, it rebounded to reach $65,523.

Bitcoin reached the 61.8% Fibonacci retracement level drawn from the high of $66,918 to the low of $63,644. Therefore, if the price remains below $65,700 in the coming days, the outlook could remain bearish, and we could expect it to reach the 200 EMA around $64,282.

With a decisive break below the downtrend channel, Bitcoin could continue its fall to $62,500. If it breaks below this level, we expect it to reach the psychological level of $60,000.

Looking at the H4 chart, we can see that Bitcoin is consolidating above the 21 SMA and above the 200 SMA, suggesting that a technical bounce around this zone could give us the opportunity to resume the uptrend and buy with targets at the upper band of the uptrend channel around $67,860.

*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
© 2007-2026
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