empty
 
 
16.10.2025 05:24 PM
Trading Signals for BITCOIN for October 16-19, 2025: buy above $109,375 (21 SMA - 5/8 Murray)

This image is no longer relevant

Bitcoin is trading around 111,188, above the 3/8 Murray level and rebounding after reaching the psychological level of 110,000 during the European session. The price is even nearly reaching the 3/8 Murray level around 109,375.

Given that we are seeing a technical rebound, we can expect Bitcoin to continue rising in the coming hours, reaching the 4/8 Murray level at 112,500 and possibly even reaching the top of the downtrend channel around 114,200.

If there is a sharp breakout of the channel and consolidation above the 200 EMA and above the 5/8 Murray level, we could expect Bitcoin to reach the 6/8 Murray level around 118,750 and possibly even return to the 125,000 level.

Conversely, a consolidation below the 3/8 Murray line at 109.375 could encourage the bearish pressure, and Bitcoin could reach the October 11 low around $103,000 and even reach the psychological level of $100,000.

Our outlook is bullish as long as the Bitcoin price consolidates above the 3/8 Murray line. If this scenario comes true, we can look for buying opportunities with a target at 115,700.

Summary
Urgency
Analytic
Dimitrios Zappas
Start trade
Gana con los cambios en el valor de las criptomonedas con InstaForex.
Descarga MetaTrader 4 y abre tu primera operación.
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    UNIRSE AL CONCURSO
  • Depósito al azar
    ¡Haga un depósito en su cuenta de $3,000 y obtenga $6000 más!
    ¡En Diciembre, sorteamos $6000 dentro de la campaña Depósito afortunado!
    Obtenga la oportunidad de ganar depositando $3,000 en una cuenta de operaciones. Tras haber cumplido esta condición, se convertirá en un participante de la campaña.
    UNIRSE AL CONCURSO
  • Opere de forma inteligente, gane un dispositivo
    Recargue su cuenta con al menos $500, regístrese en el concurso y tenga la oportunidad de ganar dispositivos móviles.
    UNIRSE AL CONCURSO
  • 30% de bonificación
    Reciba un bono del 30% cada vez que recargue su cuenta
    OBTENER BONO

Recommended Stories

¿No puede hablar ahora mismo?
Ingrese su pregunta en el chat.
Widget callback