Top.Mail.Ru
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

USD/JPY. Analysis and Forecast

The pair continues a sideways consolidating price movement, trading without significant change. From a technical standpoint, sustained strength above the psychological level of 145.00 and a firm move higher would

Irina Yanina 20:41 2025-06-17 UTC+2

Forecast for EUR/USD on June 17, 2025

On Monday, the EUR/USD pair continued its upward movement, consolidated above the 100.0% corrective level at 1.1574, but was unable to continue rising afterward. A close below the 1.1574 level

Samir Klishi 12:00 2025-06-17 UTC+2

Forex forecast 17/06/2025: EUR/USD, USD/JPY, NZD/USD, SP500 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 10:46 2025-06-17 UTC+2

Forecast for GBP/USD on June 17, 2025

On the hourly chart, the GBP/USD pair on Monday climbed again to the resistance zone of 1.3611–1.3633, rebounded from it, and turned back in favor of the U.S. dollar. This

Samir Klishi 10:18 2025-06-17 UTC+2

Technical Analysis of Intraday Price Movement of GBP/JPY Cross Currency Pairs, Tuesday June 17, 2025

If we look at the 4-hour chart, the GBP/JPY cross currency pair is seen moving in a Bullish bias, which is confirmed by its price movement which is moving

Arief Makmur 06:38 2025-06-17 UTC+2

Technical Analysis of Intraday Price Movement Gold Commodity Instrument, Tuesday June 17, 2025

On the 4-hour chart, the Gold commodity instrument appears to have a Divergence between the Gold price movement and the Stochastic Oscillator indicator, which indicates that in the near future

Arief Makmur 06:38 2025-06-17 UTC+2

EUR/USD Forecast for June 17, 2025

The euro continues to show resilience in the face of geopolitical risks, but it is not doing so independently. It is supported by oil prices and technical consolidation

Laurie Bailey 04:51 2025-06-17 UTC+2

GBP/USD Forecast for June 17, 2025

The British pound is gradually squeezed between the MACD line on the daily chart and the resistance level at 1.3635. The key question now is: which direction will the price

Laurie Bailey 04:48 2025-06-17 UTC+2

AUD/USD Forecast for June 17, 2025

The Australian dollar has been consolidating near the ascending price channel line at 0.6550 for eight consecutive sessions. The Marlin oscillator has been consolidating above the zero line even longer—since

Laurie Bailey 04:48 2025-06-17 UTC+2

XAU/USD. Analysis and Forecast

Gold is currently holding on to its intraday losses. Overall positive sentiment in the stock markets is undermining demand for bullion. However, a combination of factors is preventing bears from

Irina Yanina 12:18 2025-06-16 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.