Register
Demo
Contacts
 

Stock market analytics, financial forecasts

Forexmart's Market Analysis section provides up-to-date information about the financial market. The overviews are intended to give you an insight into current trends, financial forecasts, global economic reports, and political news that influence the market.

Disclaimer:  Information provided here to retail and professional clients does not contain and should not be construed as containing investment advice or an investment recommendation or an offer or solicitation to engage in any transaction or strategy in financial instruments. Past performance is not a guarantee or prediction of future performance.

Trading Signals for BITCOIN (BTC/USD) for January 10-12, 2025: sell below $96,200 (21 SMA - 7/8 Murray)
07:59 2025-01-10 UTC--5
Exchange Rates analysis

Early in the American session, Bitcoin was trading around $94,839, below the 21 SMA, and below the 200 EMA with a bearish bias which we believe could resume in the next few days.

If Bitcoin falls below 7/8 Murray located at $93,750, we could expect it to continue losing value and could reach the bottom of the downtrend channel around 6/8 Murray located at $87,500.

On the other hand, in case Bitcoin finds an opportunity to consolidate above $96,200, it is likely to reach the psychological level of $100,000 again. This area could be seen as a point to sell since it is technically located within a downtrend channel.

Beyond $102,500, Bitcoin could regain its bullish bias and we could expect it to reach +1/8 Murray at $106,250 and eventually reach +2/8 Murray at $112,500.

The short-term outlook remains negative for Bitcoin as we believe Bitcoin could reach $80,000 and even reach $75,000 that in the coming days.

Back to the list

World-Class Trading Platform

Professional Customer Support

Best Execution

Logo

QUICK LINKS

+ 442 030 976 697
Contact Us
Feedback
twitter

ForexMart is authorized and regulated in various jurisdictions.

(Reg No.23071, IBC 2015) with a registered office at Shamrock Lodge, Murray Road, Kingstown, Saint Vincent and the Grenadines

Restricted Regions: the United States of America, North Korea, Sudan, Syria and some other regions.


© 2015-2025 Tradomart SV Ltd.
Top Top
Risk Warning:
Foreign exchange trading carries a high risk of losing money due to leverage and may not be suitable for all investors. Before deciding to invest your money, you should carefully consider all the features associated with Forex, as well as your investment objectives, level of experience, and risk tolerance.
Foreign exchange trading carries a high risk of losing money due to leverage and may not be suitable for all investors. Before deciding to invest your money, you should carefully consider all the features associated with Forex, as well as your investment objectives, level of experience, and risk tolerance.