empty
 
 
28.01.2026 07:12 PM
Trading Signals for BITCOIN for January 28-31, 2026: buy above $88,000 (21 SMA - 2/8 Murray)

This image is no longer relevant

Bitcoin is trading around $83,135 within the downtrend channel formed since January 12, below the 200 EMA and above Murray's 6/8, showing consolidation.

Bitcoin is expected to continue rising in the coming hours and consolidate above $87,500, then it could challenge the upper band of the downtrend channel around $89,700.

If Bitcoin breaks and consolidates above the psychological level of $90,000 and above the 200 EMA, we could expect a continuation of Bitcoin's upward movement. With a break above this area, BTC could reach the 7/8 Murray at $93,750 and could even reach the psychological level of $100,000 around the 8/8 Murray.

Given that the Eagle indicator is showing a positive signal, we can expect a technical correction in Bitcoin in the coming hours, followed by a resumption of long positions.

A drop below $87,500, which has now become strong support, could take it towards the low of $81,000.

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