empty
25.02.2025 10:06 AM
BCH/USD - Current Analysis of the Situation and Outlook

This image is no longer relevant

As the new trading week begins, bearish traders are actively working to break out of the consolidation zone and distance themselves from the influence of the monthly level at 329.98. To achieve this, they must push the price below the recent low of 272.32, which would reestablish the downward trend. If successful, the next bearish targets will be within the range of the weekly downward targets for breaking through the Ichimoku cloud, specifically between 210.79 and 154.37.

This image is no longer relevant

During the consolidation phase, the market lingered around the 329.98 level for an extended period, where the daily short-term trend and the final level of the monthly Ichimoku cross converged. However, these levels have now separated. If market sentiment shifts, bullish players will need to regain their position. This entails overcoming not only the monthly resistance at 329.98 but also the resistances of the daily "death cross," which are currently located at 305.95, 338.33, 358.72, and 379.11.

This image is no longer relevant

On lower timeframes, bears currently hold the upper hand, driving the downtrend. The only untested and unbroken support level for them remains the final support of the classic Pivot levels at S3, which is at 266.66. If the decline halts and bullish activity returns to the market, the main targets for a corrective rebound will be the key levels on lower timeframes, specifically at 311.68 (the central daily Pivot level) and 318.69 (the weekly long-term trend). A breakout and reversal of this trend could significantly alter the current balance of power in the market.

***

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 13/05/2025: EUR/USD, GBP/USD, SP500, Oil, 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 12:00 2025-05-13 UTC+2

Forecast for EUR/USD on May 13, 2025

On Monday, the EUR/USD pair continued its decline after rebounding from the resistance zone of 1.1265–1.1282 on Friday. The pair consolidated below the 127.2% Fibonacci level at 1.1181 and fell

Samir Klishi 11:02 2025-05-13 UTC+2

GBP/USD – May 13th: Unemployment in Britain Is Rising Again

On the hourly chart, the GBP/USD pair fell to the 1.3139 level on Monday, rebounded from it, and rose to the 100.0% Fibonacci level at 1.3205. A rebound from this

Samir Klishi 11:01 2025-05-13 UTC+2

EUR/USD Forecast for May 13, 2025

The main event yesterday, which somewhat confused the markets, was the agreement between the U.S. and China to return to the mutual tariffs that were in place before April

Laurie Bailey 04:49 2025-05-13 UTC+2

GBP/USD Forecast for May 13, 2025

By the end of yesterday, the British pound declined by 129 pips, following a 1.43% increase in the dollar index. The support range of 1.3184–1.3208 was breached, and the movement

Laurie Bailey 04:49 2025-05-13 UTC+2

USD/JPY Forecast for May 13, 2025

The USD/JPY pair made a sharp and powerful move yesterday, covering more than three figures and precisely reaching the target level of 148.66, the low from last December. The trick

Laurie Bailey 04:49 2025-05-13 UTC+2

Trading Signals for BITCOIN for May 12-15, 2025: sell below $106,250 (200 EMA - 21 SMA)

Early in the American session, Bitcoin is trading around $104,250, above the 21st SMA and within the bullish trend channel formed on May 4th. We observe exhaustion. During the last

Dimitrios Zappas 17:34 2025-05-12 UTC+2

Trading Signals for EUR/USD for May 12-15, 2025: buy above 1.1080 (200 EMA - 6/8 Murray)

Early in the American session, the EUR/USD pair is trading around 1.1123, bouncing after reaching the bottom of the downtrend channel. We observe overbought conditions. At the opening of this

Dimitrios Zappas 17:33 2025-05-12 UTC+2

Forex forecast 12/05/2025: EUR/USD, GBP/USD, USD/CHF, 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 13:37 2025-05-12 UTC+2

EUR/USD. May 12. The Ukraine conflict may be resolved

Good day, dear traders! On Friday, the EUR/USD pair rose to the resistance zone of 1.1265–1.1282, rebounded, and reversed in favor of the U.S. dollar. The downward movement may continue

Samir Klishi 10:04 2025-05-12 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.