empty
14.02.2025 09:09 AM
Bitcoin – Technical Analysis Overview

This image is no longer relevant

It's Friday, and Bitcoin continues to wait. Neither buyers nor sellers are making a decisive move, which creates ongoing uncertainty in the market. Key levels remain unchanged for both sides. For the bulls, the first significant challenge is to rise and consolidate above the weekly short-term trend level of 99,497. After achieving this, the focus will shift to psychologically important levels at 110,000, 115,000, and 120,000. For the bears, the critical concern is whether Bitcoin will test the weekly Ichimoku support levels at 88,040, 81,261, and 74,482, as well as the monthly levels at 79,774 and 74,261.

This image is no longer relevant

Uncertainty is evident on the daily timeframe, as the market appears stagnant. The entire Ichimoku structure, including the cross and cloud, is currently above the price chart, creating a broad resistance zone between 97,067 and 102,795. This zone is further reinforced by the weekly short-term trend level of 99,497. A solid breakout above this range could open new opportunities for buyers. Conversely, if the bears take control and move out of the current sideways movement, their primary target on the daily chart will be to break through the daily cloud, which ranges from 87,712 to 85,237. This area is strengthened by the weekly support at 88,040. If Bitcoin begins to decline, this level will become a focal point for sellers.

This image is no longer relevant

On lower timeframes, key levels have remained horizontal for an extended period, with the market fluctuating slightly above and below them without major deviations. This behavior further confirms a phase of prolonged uncertainty. Today, the key levels to watch are 96,567 and 96,672, which represent the central Pivot level and the weekly long-term trend. If market activity increases, intraday trading may involve classic Pivot support levels at 95,043, 93,657, and 92,133, as well as resistance levels at 97,954, 99,478, and 100,864.

***

Technical Analysis Components:
  • Higher Timeframes: Ichimoku Kinko Hyo (9.26.52) and Fibonacci Kijun levels
  • H1: Classic Pivot Points and 120-period Moving Average (weekly long-term trend)
Evangelos Poulakis,
Analytical expert of InstaForex
© 2007-2025
Select timeframe
5
min
15
min
30
min
1
hour
4
hours
1
day
1
week
Earn on cryptocurrency rate changes with InstaForex
Download MetaTrader 4 and open your first trade
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST

Recommended Stories

Forex forecast 24/03/2025: EUR/USD, GBP/USD, USD/JPY, Gold and Bitcoin

Useful links: My other articles are available in this section InstaForex course for beginners Popular Analytics Open trading account Important: The begginers in forex trading need to be very careful

Sebastian Seliga 14:34 2025-03-24 UTC+2

Weekly Technical Analysis for March 24–29: GBP/USD Currency Pair

Last week, the pair moved downward and tested the 14.6% retracement level at 1.2879 (red dashed line), closing the weekly candle at 1.2915. In the upcoming week, the price

Stefan Doll 13:24 2025-03-24 UTC+2

Weekly Technical Analysis for March 24–29: EUR/USD Currency Pair

Last week, the pair moved downward and tested the historical resistance level of 1.0948 (light blue dashed line), after which the price declined and closed the weekly candle at 1.0815

Stefan Doll 13:22 2025-03-24 UTC+2

EUR/USD. March 24th. A New Week – New Opportunities

On Friday, the EUR/USD pair rebounded from the 200.0% correction level at 1.0857 and fell to the support zone of 1.0781–1.0797. A rebound from this zone worked in favor

Samir Klishi 12:55 2025-03-24 UTC+2

GBP/USD. March 24th. The British Pound Starts the New Week at Full Speed

On the hourly chart, the GBP/USD pair continued its decline on Friday and even consolidated below the 1.2931 level. However, the drop was short-lived, as the bears on the pound

Samir Klishi 11:25 2025-03-24 UTC+2

EUR/USD and GBP/USD March 24 – Technical Analysis

Recently, the pair has been testing resistance levels from the weekly Ichimoku cloud (1.0946–1.0825) and monthly levels (1.0943–1.0856). Last week, sellers initiated a rejection and closed below these resistance zones

Evangelos Poulakis 07:55 2025-03-24 UTC+2

Technical Analysis of Intraday Price Movement of Natural Gas Commodity Instrument, Monday March 24, 2025

From what is seen on the 4-hour chart, the Natural Gas commodity instrument appears to be moving within the Bearish Pitchfork channel and this has also been confirmed

Arief Makmur 07:09 2025-03-24 UTC+2

Technical Analysis of Daily Price Movement of USD/IDR Exotic Currency Pairs, Monday March 24, 2025.

On the daily chart, the exotic currency pair USD/IDR appears to be moving in a Bullish Pitchfork channel, which is confirmed by the price movement of this exotic currency pair

Arief Makmur 07:09 2025-03-24 UTC+2

EUR/USD Forecast for March 24, 2025

Last Friday, EUR/USD pierced the 23.6% Fibonacci retracement level with a lower shadow and then sharply reversed to the upside, continuing to rise into Monday morning. The Marlin oscillator appears

Laurie Bailey 04:20 2025-03-24 UTC+2

GBP/USD Forecast for March 24, 2025

By Monday morning, the British pound had turned upward without reaching the target range of 1.2816/47, and the Marlin oscillator had also reversed to the upside without reaching the boundary

Laurie Bailey 04:20 2025-03-24 UTC+2
Can't speak right now?
Ask your question in the chat.
Widget callback
 

Dear visitor,

Your IP address shows that you are currently located in the USA. If you are a resident of the United States, you are prohibited from using the services of InstaFintech Group including online trading, online transfers, deposit/withdrawal of funds, etc.

If you think you are seeing this message by mistake and your location is not the US, kindly proceed to the website. Otherwise, you must leave the website in order to comply with government restrictions.

Why does your IP address show your location as the USA?

  • - you are using a VPN provided by a hosting company based in the United States;
  • - your IP does not have proper WHOIS records;
  • - an error occurred in the WHOIS geolocation database.

Please confirm whether you are a US resident or not by clicking the relevant button below. If you choose the wrong option, being a US resident, you will not be able to open an account with InstaForex anyway.

We are sorry for any inconvenience caused by this message.