See also
26.08.2025 06:27 AM
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.
You have already liked this post today
*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.
