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20.11.2025 03:33 PM
Trading Signals for BITCOIN for November 20-23, 2025: buy above $90,000 (21 SMA - -2/8 Murray)

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Bitcoin is trading around $91,750, rebounding after reaching a low of $88,000 near the important -2/8 Murray support level.

Bitcoin could consolidate around $91,000 or $90,000, which could set the stage for a strong technical rebound during which BTC could reach $97,000 in the coming days and even the psychological level of $100,000.

On the contrary, if Bitcoin falls towards the support level of $87,500, this support could give BTC a strong technical rebound, and we could look for opportunities to open long positions with targets at $93,750 and finally at $100,000.

The Eagle indicator shows that Bitcoin is oversold, so we will look for opportunities to buy whenever the price makes a technical correction.

A decisive breakout of the downtrend channel and consolidation above $93,750 could be a clear signal to open long positions in the short term.

Dimitrios Zappas,
Analytical expert of InstaForex
© 2007-2025
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