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07.08.202609:03 Forex Analysis & Reviews: Trading Signals for BTC on August 7-10, 2026: buy above $64,000 (21 SMA - 0/8 Murray)

Relevancia 03:00 2026-08-21 UTC--4

Exchange Rates 07.08.2026 analysis

Bitcoin is trading around $64,260 within an uptrend channel that has been forming since June and is consolidating around $64,000, so we can expect the uptrend to continue in the coming days and potentially reach the upper band of the uptrend channel, around $69,000.

If Bitcoin falls toward the lower band of the uptrend channel around $63,400 in the coming hours, this could be seen as an opportunity to open long positions with a target at $65,625; BTC could reach the July 18 high, around $67,000, and ultimately reach the Murray 2/8 level, around $68,750.

The scenario could change if Bitcoin falls below the 0/8 Murray level, around $62,500; below this zone, it could continue to fall, and we could expect it to reach the psychological level of $60,000 and, finally, the -1/8 Murray level, around $59,375.

Our outlook for Bitcoin remains bullish for the coming days, so we will look for buying opportunities. Should BTC break above $64,423 and then consolidate above this zone, it would be a positive signal to buy in the coming days.

*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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