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11.06.2025 05:16 AM
Trading Signals for BITCOIN (BTC/USD) for June 11-13: sell below $110,700 (21 SMA - 200 EMA)

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Bitcoin is trading around 110,726, undergoing a technical correction after reaching 110,726, a level seen at the end of May.

Bitcoin has formed a double top pattern, so we believe that if it consolidates below 110,700, we could expect a technical correction towards 107,586 and could even reach 104,146 (200 EMA).

On the other hand, if there is a break above 110,700, it could reach the key +2/8 Murray level located at 112,500.

This level is key and could be seen as a selling opportunity. Technically, Bitcoin is showing signs of exhaustion, and we believe a technical correction could occur in the coming days.

Therefore, we should look to sell at current price levels with targets at the psychological level of $100,000.

Dimitrios Zappas,
Analytical expert of InstaForex
© 2007-2025
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