empty
11.06.2025 05:16 AM
Trading Signals for BITCOIN (BTC/USD) for June 11-13: sell below $110,700 (21 SMA - 200 EMA)

This image is no longer relevant

Bitcoin is trading around 110,726, undergoing a technical correction after reaching 110,726, a level seen at the end of May.

Bitcoin has formed a double top pattern, so we believe that if it consolidates below 110,700, we could expect a technical correction towards 107,586 and could even reach 104,146 (200 EMA).

On the other hand, if there is a break above 110,700, it could reach the key +2/8 Murray level located at 112,500.

This level is key and could be seen as a selling opportunity. Technically, Bitcoin is showing signs of exhaustion, and we believe a technical correction could occur in the coming days.

Therefore, we should look to sell at current price levels with targets at the psychological level of $100,000.

Dimitrios Zappas,
Analytical expert of InstaForex
© 2007-2025
Select timeframe
5
min
15
min
30
min
1
hour
4
hours
1
day
1
week
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

Recommended Stories

Technical Analysis for the Week of June 30 – July 5: GBP/USD Currency Pair

Last week, the pair moved upward and tested the support line at 1.3769 (bold blue line), after which the price declined and closed the weekly candle at 1.3719

Stefan Doll 10:44 2025-06-30 UTC+2

Technical Analysis for the Week of June 30 – July 5: EUR/USD Currency Pair

Last week, the pair moved upward and broke through the historical resistance level at 1.1710 (blue dashed line), closing the weekly candle at 1.1718. In the upcoming week, the price

Stefan Doll 10:40 2025-06-30 UTC+2

Indicator Analysis: Daily Overview for GBP/USD on June 30, 2025

On Friday, the pair moved downward and nearly tested the 23.6% retracement level at 1.3675 (yellow dashed line), after which the price rebounded upward and closed the daily candle

Stefan Doll 10:37 2025-06-30 UTC+2

Indicator Analysis: Daily Overview for EUR/USD on June 30, 2025

On Friday, the pair moved upward and tested the 161.8% target level at 1.1746 (red dashed line), after which the price reversed downward and closed the daily candle at 1.1718

Stefan Doll 10:33 2025-06-30 UTC+2

Forex forecast 30/06/2025: EUR/USD, USDX, USD/JPY, Gold and Bitcoin

Useful links: My other articles are available in this section InstaForex course for beginners Popular Analytics Open trading account Important: The begginers in forex trading need to be very careful

Sebastian Seliga 10:30 2025-06-30 UTC+2

Bearish MACD Divergence in GBP/USD has the potential to trigger a weakening, Monday, June 30, 2025.

GBP/USD – Monday, June 30, 2025. Although there is a potential for GBP/USD to strengthen due to the weakening of the USD (Dovish issue), the emergence of Divergence in MACD

Arief Makmur 08:25 2025-06-30 UTC+2

Level 3288.270 has the potential to tests by XAU/USD, Monday, June 30, 2025.

XAU/USD – Monday, June 30 2025 Geopolitical tensions have begun to ease, causing funds to flow out of Safe Haven instruments such as XAU/USD, thus creating pressure on XAU/USD with

Arief Makmur 08:25 2025-06-30 UTC+2

EUR/USD Forecast for June 30, 2025

EUR/USD On Friday, the euro consolidated above the 1.1692 level. The Marlin oscillator is moving sideways, but the upward potential has not been exhausted, and the price continues to rise

Laurie Bailey 05:49 2025-06-30 UTC+2

GBP/USD Forecast for June 30, 2025

GBP/USD By the end of Friday, the British pound slightly declined, thereby increasing the likelihood of the Marlin oscillator's signal line returning to its descending channel on the daily chart

Laurie Bailey 05:49 2025-06-30 UTC+2

AUD/USD Forecast for June 30, 2025

AUD/USD Friday's attempt by the Australian dollar to break above the price channel line (0.6552) failed due to a temporary strengthening of the US dollar (USD Index +0.28%). The decline

Laurie Bailey 05:45 2025-06-30 UTC+2
Can't speak right now?
Ask your question in the chat.
Widget callback
 

Dear visitor,

Your IP address shows that you are currently located in the USA. If you are a resident of the United States, you are prohibited from using the services of InstaFintech Group including online trading, online transfers, deposit/withdrawal of funds, etc.

If you think you are seeing this message by mistake and your location is not the US, kindly proceed to the website. Otherwise, you must leave the website in order to comply with government restrictions.

Why does your IP address show your location as the USA?

  • - you are using a VPN provided by a hosting company based in the United States;
  • - your IP does not have proper WHOIS records;
  • - an error occurred in the WHOIS geolocation database.

Please confirm whether you are a US resident or not by clicking the relevant button below. If you choose the wrong option, being a US resident, you will not be able to open an account with InstaForex anyway.

We are sorry for any inconvenience caused by this message.