empty
 
 
29.10.2025 07:25 AM
Trading Signals for BITCOIN for October 29-31, 2025: sell below $113,800 (21 SMA - 5/8 Murray)

This image is no longer relevant

Bitcoin is currently trading around the 4/8 Murray level at 112,500. This level is offering strong support for Bitcoin, and it's likely that it could recover some of its losses if it consolidates above the 21SMA at 113,720.

Conversely, if the Bitcoin price consolidates below 113,800, any technical bounce will be seen as a sell signal.

If the price falls below this resistance, it could reach the bottom of the ascending trend channel around $111,000.

If the bearish pressure persists from current price levels, we could expect a continuation of the BTC decline, potentially reaching $110,800. Around this level, we could expect a strong technical bounce. Hence, we should pay attention to this area to consider entering long positions.

Only if the price of Bitcoin falls below 110,500, the outlook could turn negative, and we might expect it to reach 2/8 Murray around $106,250.

Dimitrios Zappas,
Analytical expert of InstaForex
© 2007-2025
Summary
Urgency
Analytic
Dimitrios Zappas
Start trade
Earn on cryptocurrency rate changes with InstaForex
Download MetaTrader 4 and open your first trade
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST
  • Chancy Deposit
    Deposit your account with $3,000 and get $1000 more!
    In October we raffle $1000 within the Chancy Deposit campaign!
    Get a chance to win by depositing $3,000 to a trading account. Having fulfilled this condition, you become a campaign participant.
    JOIN CONTEST
  • Trade Wise, Win Device
    Top up your account with at least $500, sign up for the contest, and get a chance to win mobile devices.
    JOIN CONTEST
  • 100% Bonus
    Your unique opportunity to get a 100% bonus on your deposit
    GET BONUS
  • 55% Bonus
    Apply for a 55% bonus on your every deposit
    GET BONUS
  • 30% Bonus
    Receive a 30% bonus every time you top up your account
    GET BONUS

Recommended Stories

Can't speak right now?
Ask your question in the chat.
Widget callback