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 InstaTrade
© 2007-2025

Recommended Stories

Technical Analysis of Intraday Price Movement Nasdaq 100 Index, Friday May 02, 2025.

From what is seen on the 4-hour chart of the Nasdaq 100 index, the Stochastic Oscillator indicator is in a Crossing SELL condition and the appearance of a Rising Wedge

Arief Makmur 08:04 2025-05-02 UTC+2

Trading Signals for GOLD (XAU/USD) for May 1-3, 2025: buy above $3,203 (200 EMA - 5/8 Murray)

The price of the yellow metal is likely to trade between 3,203 and could reach the bottom of the bearish channel around 3,181 in the coming days, a level that

Dimitrios Zappas 17:49 2025-05-01 UTC+2

Trading Signals for EUR/USD for April 30, 2025: sell below 1.1376 (21 SMA - 7/8 Murray)

Early in the American session, the EUR/USD pair is trading around 1.1378 within the downtrend channel formed on April 17 and showing signs of exhaustion of bullish strength. A technical

Dimitrios Zappas 17:37 2025-04-30 UTC+2

Forex forecast 30/04/2025: EUR/USD, AUD/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 16:31 2025-04-30 UTC+2

Trading Signals for GOLD (XAU/USD) for April 30, 2025: buy above $3,270 (21 SMA - 6/8 Murray)

Early in the American session, gold is trading around 3,384, above key support and rebounding after reaching 3,267. Gold is expected to regain strength if it consolidates above 3,381 (6/8

Dimitrios Zappas 15:07 2025-04-30 UTC+2

Forex forecast 29/04/2025: EUR/USD, GBP/USD, Gold, Ethereum 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 08:41 2025-04-30 UTC+2

Technical Analysis of Intraday Price Movement of AUD/JPY Cross Currency Pairs, Wednesday April 30, 2025.

With the appearance of Divergent and Descending Broadening Wedge patterns on the 4-hour chart of the AUD/JPY cross currency pair, although its price movement is below the EMA (21) which

Arief Makmur 06:19 2025-04-30 UTC+2

Technical Analysis of Intraday Price Movement of USD/JPY Main Currency Pairs, Wednesday April 30, 2025.

On the 4-hour chart of the main currency pair USD/JPY, it can be seen that the Stochastic Oscillator indicator forms a Double Bottom pattern while the price movement of USD/JPY

Arief Makmur 06:17 2025-04-30 UTC+2

Trading Signals for GOLD (XAU/USD) for April 29-30, 2025: buy above $3,310 (21 SMA - 7/8 Murray)

Early in the American session, gold is trading around the 3,310 level, where it is located at the 21SMA and within a symmetrical triangle pattern formed on April 23. Consolidation

Dimitrios Zappas 18:10 2025-04-29 UTC+2

Trading Signals for EUR/USD for April 29-30, 2025: sell below 1.1410 (symmetrical triangle - 7/8 Murray)

Our trading plan for the coming hours is to sell below 1.1410 with targets at 1.1370 and 1.1230. The eagle indicator is giving a negative signal, so we believe

Dimitrios Zappas 17:52 2025-04-29 UTC+2
Can't speak right now?
Ask your question in the chat.
 

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 InstaTrade anyway.

We are sorry for any inconvenience caused by this message.