empty
20.01.2025 04:20 AM
Bitcoin – Technical Analysis

BITCOIN

This image is no longer relevant

Higher Timeframes

Last year, the bulls clearly had the upper hand, achieving significant advantages and accomplishments. In 2024, they reached a new all-time high of $108,362.36, surpassing the previous peak of $68,959.73 set in 2021. This new high was achieved in December 2024, after which Bitcoin entered a phase of corrective consolidation, trying to explore previously uncharted historical territory.

Currently, the primary target for buyers is the $108,362.36 level, with psychological milestones such as $110,000.00 also becoming a focal point. On the other hand, sellers are concentrating on support levels from various timeframes, which are converging around $100,018.60, $99,375.98, $98,684.90, $97,396.23, and $95,416.47. These levels include the upper boundary of the daily Ichimoku cloud, the weekly short-term trend, and the daily Ichimoku cross.

This image is no longer relevant

H4 – H1

On lower timeframes, buyers currently have the primary advantage. In the most recent upward movement, bulls successfully broke through the H4 Ichimoku cloud at 104,877.13. Although the initial attempt to surpass this level was unsuccessful, Bitcoin entered a corrective decline. Today, bulls are making a second attempt to break above 104,877.13 and continue their ascent.

Intraday bullish targets include R2 at 106,406.76 and R3 at 107,851.39. If there is a pullback, potential support levels based on classic Pivot Points are 103,687.66, 102,413.19, 100,968.56, and 99,694.09, with a long-term weekly trend at 100,752.35.

***

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

Indicator Analysis. Daily Overview for June 27, 2025 – GBP/USD Currency Pair

On Thursday, the pair moved upward, reaching the 161.8% level at 1.3792 (red dashed line), then retreated and closed the daily candle at 1.3723. A pullback may occur today. Strong

Stefan Doll 11:42 2025-06-27 UTC+2

Indicator Analysis. Daily Overview for June 27, 2025 – EUR/USD Currency Pair

On Thursday, the pair moved upward and tested the 161.8% target level at 1.1744 (red dashed line), then pulled back and closed the daily candle at 1.1699. Today, the upward

Stefan Doll 11:39 2025-06-27 UTC+2

Forecast for EUR/USD on June 27, 2025

On Thursday, the EUR/USD pair continued its upward movement and reached the 127.2% Fibonacci retracement level at 1.1712. A rebound from this level would favor the U.S. dollar

Samir Klishi 11:22 2025-06-27 UTC+2

Forecast for GBP/USD on June 27, 2025

On the hourly chart, the GBP/USD pair continued rising on Thursday and repeatedly tested the 200.0% Fibonacci level at 1.3749. A rebound from this level would favor the U.S. dollar

Samir Klishi 10:53 2025-06-27 UTC+2

USD/JPY. Analysis, Forecast and Current Market Situation

Today, following the release of data showing a decline in consumer prices in Tokyo, the Japanese yen began to weaken. This news reinforced expectations that the Bank of Japan

Irina Yanina 10:43 2025-06-27 UTC+2

Forex forecast 27/06/2025: EUR/USD, USD/JPY, Gold, Oil 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 10:12 2025-06-27 UTC+2

EUR/USD Forecast for June 27, 2025

EUR/USD Yesterday, concerning data was released from the U.S. GDP for Q1 contracted by 0.5% compared to the expected -0.2%. Core personal consumption expenditures (PCE) inflation for the same period

Laurie Bailey 05:13 2025-06-27 UTC+2

GBP/USD Forecast for June 27, 2025

GBP/USD The British pound is rising, but the accompanying Marlin oscillator is quite weak. Before the bulls are not just the desired targets — 1.3834, 1.3935, etc. — but also

Laurie Bailey 05:07 2025-06-27 UTC+2

USD/JPY Forecast for June 27, 2025

USD/JPY This morning, Tokyo's core CPI data showed a decline in inflation for the June estimate: the core index dropped from 3.6% year-over-year (y/y) to 3.1% y/y (with a forecast

Laurie Bailey 05:04 2025-06-27 UTC+2

Trading Signals for EUR/USD for June 26-28, 2025: sell below 1.1730 (overbought - 8/8 Murray)

If the euro price consolidates below 1.1735, the outlook could be negative for the coming days. We could sell with targets at the 7/8 Murray at 1.1596

Dimitrios Zappas 18:42 2025-06-26 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.