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24.10.202507:54 Forex Analysis & Reviews: Trading Signals for BITCOIN for October 24-27, 2025: buy above $109,300 (21 SMA - 3/8 Murray)

Exchange Rates 24.10.2025 analysis

Bitcoin is trading around 110,489, above the 3/8 Murray level, and above the 21SMA with a positive bias.

It is likely to continue rising in the coming hours, reaching the strong resistance of the 4/8 Murray level around 112,500, and could even encounter a strong rejection around the top of the downtrend channel located at 113,220, which also coincides with the 200 EMA.

If Bitcoin makes a technical rebound around 109,375, it will be seen as a signal to buy in the coming hours, with targets at 112,500.

On the other hand, if Bitcoin falls and consolidates below the 21SMA at $109,000, we could expect the bearish cycle to resume, potentially reaching the 2/8 Murray at 106,250 and even the 1/8 Murray around 103,125.

In the short term, the eagle indicator is showing a positive signal, so any pullback in Bitcoin will be seen as a signal to buy.

*El análisis de mercado publicado aquí tiene la finalidad de incrementar su conocimiento, más no darle instrucciones para realizar una operación.

Dimitrios Zappas,
Analytical expert of InstaSpot
© 2007-2025
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