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26.08.2025 06:27 AM
Trading Signals for BITCOIN for August 26-29, 2025: buy above $108,600 (rebound - 5/8 Murray)

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Bitcoin is trading around 109,586, rebounding after reaching a low around $108,600.

Bitcoin is trading within a bearish trend channel formed on H1 charts since August 22, and a technical rebound is likely in the coming hours to reach the 4/8 Murray level around $112,500.

If Bitcoin falls below $108,000, it is expected to reach strong support around $106,250.

On the other hand, if Bitcoin rebounds above the 3/8 Murray level and consolidates above this area, it is expected to reach 112,500 in the coming days.

We could even expect it to reach the 200 EMA around $115,000 and even the 6/8 Murray level at 115,625.

The Eagle indicator is showing that Bitcoin has reached oversold levels, so it is likely to continue strengthening above the psychological level of $110,000 in the coming hours.

Dimitrios Zappas,
Analytical expert of InstaForex
© 2007-2025
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