Top.Mail.Ru
empty
 
 
22.01.2026 03:43 PM
Trading Signals for BITCOIN for January 22-25, 2026: sell below $93,500 (21 SMA - 2/8 Murray)

This image is no longer relevant

Bitcoin is trading around $89,933, rebounding after reaching the 2/8 Murray ($87,500) and the bottom of the downtrend channel formed since January 12.

Bitcoin is struggling to continue rising as it is facing strong resistance from the 200 EMA around $91,649 and the top of the downtrend channel located at $92,500.

If Bitcoin continues to rise in the coming hours, we could open positions to buy with targets at $91,649 and finally $92,500.

On the contrary, if Bitcoin decisively breaks the downtrend channel and consolidates above $93,000, the outlook could be positive.

If BTC/USD continues to rise, it will have to challenge the strong 3/8 Murray resistance located at $93,750. Once this level is broken, we could expect Bitcoin to continue rising and reach January's high of around $98,000 and finally reach the psychological level of $100,000.

If Bitcoin encounters a strong barrier around the top of the downtrend channel, it suggests an opportunity to open short positions with targets at $87,500 and finally at the 1/8 Murray around $81,000.

The Eagle indicator is showing positive signals, so any pullback in Bitcoin will be seen as a signal to buy.

Dimitrios Zappas,
Analytical expert of InstaForex
© 2007-2026
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 $10000 more!
    In January we raffle $10000 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
  • 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