FX.co ★ Trading Signals for Bitcoin (BTC/USD) on March 4-6, 2026: sell below $67,450 (21 SMA - 3/8 Murray)

Bitcoin is trading around $68,247 above the 21SMA and consolidating after a technical correction towards $66,000.

On the H4 chart, we can see that Bitcoin could continue its rise in the coming hours and could reach the 200 EMA around $71,000. Once this zone is exceeded, Bitcoin could reach $75,000.

On the contrary, if Bitcoin falls below $66,000, we can expect a downward movement towards the 2/8 Murray support, which in turn coincides with the lower band of the downtrend channel.

Given that the Eagle indicator is reaching overbought levels, it is likely that Bitcoin will undergo a technical correction towards $65,000 and even towards the psychological level of $60,000 in the coming days.

The outlook for Bitcoin could be bullish if it consolidates above the 200 EMA. In this case, it could reach the 4/8 Murray target of around $75,000.