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28.01.202619:12 Forex Analysis & Reviews: Trading Signals for BITCOIN for January 28-31, 2026: buy above $88,000 (21 SMA - 2/8 Murray)

Relevancia 12:00 UTC--5

Exchange Rates 28.01.2026 analysis

Bitcoin is trading around $83,135 within the downtrend channel formed since January 12, below the 200 EMA and above Murray's 6/8, showing consolidation.

Bitcoin is expected to continue rising in the coming hours and consolidate above $87,500, then it could challenge the upper band of the downtrend channel around $89,700.

If Bitcoin breaks and consolidates above the psychological level of $90,000 and above the 200 EMA, we could expect a continuation of Bitcoin's upward movement. With a break above this area, BTC could reach the 7/8 Murray at $93,750 and could even reach the psychological level of $100,000 around the 8/8 Murray.

Given that the Eagle indicator is showing a positive signal, we can expect a technical correction in Bitcoin in the coming hours, followed by a resumption of long positions.

A drop below $87,500, which has now become strong support, could take it towards the low of $81,000.

*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
© 2007-2026
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