Trading Signals for BITCOIN for October 15-17, 2025: sell below $113, 500 (21 SMA - 7/8 Murray)

[Ben Graham]

Bitcoin is trading around 112,800, retreating after reaching the 5/8 Murray level around 115,625 and encountering strong resistance around the 200 EMA, which pressured Bitcoin.

We now believe BTC could continue its fall in the coming days, reaching the psychological level of $110,000.

If Bitcoin consolidates above 112,500 and then breaks and consolidates above the 21 SMA located at 113,200, this will be seen as a clear buy signal with targets at the 200 EMA around 116,114.

Conversely, if Bitcoin consolidates below the 4/8 Murray level, then the outlook could be negative. Thus, the price could even reach the bottom of the downtrend channel around 105,800.

The eagle indicator has reached oversold levels, so Bitcoin is expected to continue rebounding in the coming days, and we will look for opportunities to continue buying.

The material has been provided by InstaForex Company - www.instaforex.com