empty
InstaForex Loprais Team - Official participant of the Dakar rally
InstaForex Loprais Team - Official participant of the Dakar rally
This section is designed for those who are just starting their trading journey. InstaForex educational and analytical materials will meet your training needs. Our experts' recommendations will make your first steps to trading success simple and clear.
Start as Beginner
How to start trading
Useful information
Training and recordings
InstaForex innovative services are an essential element of productive investment. We strive to provide our clients with advanced technical capabilities and make their trading routine comfortable as we are recognized as the best broker in this regard.
Become Investor
PAMM System
ForexCopy System
Passive investments
Partnership with InstaForex is beneficial and top-tier. Join our affiliate programs and enjoy bonuses, partner rewards, and the possibility to travel with the team of the world-renowned brand.
Become Partner
Main Page
Partner Area
Advantages for Affiliates
Registration
This section contains the most lucrative offers from InstaForex. Receive bonuses when topping up an account, compete with other traders, and get real prizes even when trading in a demo account.
All Promo Campaigns
Bonuses
Contests
Events
Holidays with InstaForex are not only pleasant but also useful. We offer a one-stop portal, numerous forums, and corporate blogs, where traders can exchange experiences and become successfully integrated into the Forex community.
Full details
Forums
We are in social networks
Forex humour
Forex Portal
InstaForex is an international brand created in 2007. The company provides services for online FX trading and is recognized as one of the world's leading brokers. We have won the trust of more than 7,000,000 retail traders, who have already appreciated our reliability and focus on innovations.
Learn More
History
Why Choose Us
InstaSport
Regulation
Company News
Awards
InstaForex Stars
InstaForex Offline
Headquarters
Key documents
Social Responsibility
15.05.2023 10:43 AM
Bitcoin tests $25.5k level and is at crossroads
Open trading account Open demo account

The previous trading week turned out to be bearish for Bitcoin. The asset was declining within the local downward trend to the $27k level. Subsequently, the correction was exacerbated due to a spike in volatility, and the asset continued to decline to $26k.

This image is no longer relevant

By the end of Friday, the Bitcoin price managed to test the local low near the $25.5k level. It is in this range that large volumes of liquidity, formed by investors during the price consolidation above $26k, are located. However, we did not see a strong reaction from buyers over the weekend, indicating the likelihood of further decline.

Will Bitcoin go even lower?

Bitcoin has been in a correction phase for over a week, and during this period, the asset has achieved the main correction targets. The BTC price managed to reach the $25.5k level, but we only saw a reaction from buyers on Monday when the price managed to recover above $27k.

This image is no longer relevant

This recovery growth can be called a "dead cat bounce," as the buyers' positions have clearly weakened. It is not expected that the pullback after the correction could be strong enough to reverse the trend, as trading volumes remain low and market sentiment is pessimistic.

This image is no longer relevant

At the same time, it should be noted that Bitcoin has fully implemented the "head and shoulders" pattern, which indicated a trend reversal. The cryptocurrency price has reached the ultimate potential of this pattern, and the long lower wick of the last candle indicates a local profit taking.

Bitcoin at a crossroads

Despite the realization of the final potential of the "head and shoulders" technical analysis pattern, as well as the local upward pullback of the BTC price, we cannot state the completion of the corrective movement. The $25k–$25.5k level is the basis of the upward trend, which allowed BTC to reach the $31k level, and its breakdown will lead to the destruction of the structure of the upward trend.

This image is no longer relevant

Given that the bulls did not play back the $25.5k test, and the price managed to trade near the $26.5k level for a while, we should consider the probability of exacerbating the downward trend. In other words, the weakness of the buyers puts Bitcoin at a crossroads, where one of the movement options is the destruction of the structure of the upward trend.

Bearish scenario

The bearish scenario for Bitcoin would be a local consolidation near $27.5k, followed by a further plunge towards the $25k–$25.5k range. In this scenario, BTC/USD has the potential to make a bearish breakdown at the $25k level and start moving towards $24k. As it has become clear, no strong buyer is found below $26k, and therefore, the price can be pressured further.

This image is no longer relevant

The local support level for the Bitcoin price on the way to $24k could be the $24,650 mark. This is where the local accumulation stage took place, so there is a chance for an attempt to buy back the price and start a recovery movement. However, if this mark is broken and further decline to $24k, the structure of the upward trend is completely broken, and the key target for the correction becomes the $20k level.

Bullish scenario

In the bullish scenario, after local consolidation, Bitcoin manages to defend the $26k level during subsequent attempts at bearish pressure. The key target for buyers at this stage is to maintain the structure of the upward trend. To do this, it is necessary to protect the $25k level and restore the cryptocurrency price above the $28k mark.

This image is no longer relevant

However, as of 08:00 UTC on Monday, the probability of a bearish scenario is higher. There is no strong buyer in the market, and the local positive of technical indicators is negated by the sharp downward peak of the MACD and bearish sentiment. The situation may change with the opening of the U.S. markets, but at the moment, there is a total dominance of bears in the BTC market.

Artem Petrenko,
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
All Analytics
Analytical News
US Market News Digest for April 9 US stock indices closed lower after the White House announced a new wave of tariffs on Chinese goods. The rate could rise to 104%, a direct hit on imports
Irina Maksimova
12:33 2025-04-09 +02:00
1105
Crypto-currencies
Bitcoin under selling pressure. Why even spike could hardly save bulls Bitcoin is taking a nosedive, funds are reporting losses, and analysts see no reasons for growth. What is happening with the leader of the crypto market? What
Ekaterina Kiseleva
12:07 2025-04-09 +02:00
1240
Breaking Forecast Trading Plan Cryptocurrencies USD/RUB Russian Economy Video Analysis
Trading Instruments
EURUSD GBPUSD USDCHF USDCAD USDJPY AUDUSD EURGBP EURJPY NZDUSD EURNZD Silver Gold #CL #USDX COVID-19 Bitcoin
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST

Recommended Stories

Bitcoin under selling pressure. Why even spike could hardly save bulls

Bitcoin is taking a nosedive, funds are reporting losses, and analysts see no reasons for growth. What is happening with the leader of the crypto market? What
Ekaterina Kiseleva 12:07 2025-04-09 UTC+2

Trading Recommendations for the Cryptocurrency Market on April 9

Bitcoin and Ethereum collapsed by the end of Tuesday, continuing the heavy sell-off during today's Asian session. Another sharp decline in the U.S. stock market dragged other risk assets down
Miroslaw Bawulski 09:22 2025-04-09 UTC+2

Another Cryptocurrency Market Crash

Another collapse in the stock markets has also hit the cryptocurrency market. Investors, fearing further declines, began to massively offload digital assets, which triggered a sharp drop in the prices
Jakub Novak 09:22 2025-04-09 UTC+2

Trading Recommendations for the Cryptocurrency Market on April 8

Bitcoin and Ethereum are gradually recovering after the sharp sell-off earlier this week. The situation in the U.S. stock market and its sharp decline are closely tied to the fall
Miroslaw Bawulski 09:25 2025-04-08 UTC+2

Bitcoin – Technical Analysis Overview

Currently, the market is testing monthly support levels at 79,773 – 75,446. A consolidation below this area would give bears control over these levels and invalidate the Ichimoku weekly golden
Evangelos Poulakis 07:36 2025-04-08 UTC+2

Trading Recommendations for the Cryptocurrency Market on April 4

Bitcoin and Ethereum were able to withstand significant pressure again, which was exerted on them yesterday in the latter part of the day following a substantial sell-off in the U.S
Miroslaw Bawulski 09:09 2025-04-04 UTC+2

Bitcoin again loses battle

Both Bitcoin and Ethereum asserted their strength for a while yesterday in the midst of the US session before Trump's statements and the introduction of tariffs. However, demand for risk
Jakub Novak 11:36 2025-04-03 UTC+2

Trading Recommendations for the Cryptocurrency Market on April 3

Bitcoin and Ethereum rose even before Trump's decision and the announcement of trade tariffs, but pressure on risk assets increased significantly afterward. It's hard to say that the newly announced
Miroslaw Bawulski 09:02 2025-04-03 UTC+2

BTC/USD Analysis. April 2nd. Bitcoin Is Also Afraid of Trump's Tariffs

The wave pattern on the 4-hour BTC/USD chart is clear. After completing a bullish trend composed of five full waves, a downward corrective phase began, which is still in progress
Chin Zhao 12:17 2025-04-02 UTC+2

Trading Recommendations for the Cryptocurrency Market on April 2

Bitcoin and Ethereum are holding their ground ahead of a major event that could reshape the global trading landscape. Another failed attempt by Bitcoin to settle above the $85,500 level
Miroslaw Bawulski 08:50 2025-04-02 UTC+2

Top analytics

Relevance up to 05:00 UTC--4
Domino effect: US tariffs slam markets, investors dump dollar, bonds
11:20 2025-04-09
News
Relevance up to 05:00 2025-04-23 UTC--4
"Golden" Forecasts: Gold at $3,500, $3,700 – Higher and Higher?
11:07 2025-04-09
News
Relevance up to 20:00 UTC--4
GBP/USD Overview. April 9. Disinformation, Rumors, Fakes, and Opinions
02:55 2025-04-09
Fundamental analysis
Relevance up to 02:00 UTC--4
EUR/USD: Simple Trading Tips for Beginner Traders on April 9. Review of Yesterday's Forex Trades
08:44 2025-04-09
Forecast
Relevance up to 22:00 UTC--4
EUR/USD Forecast for April 9, 2025
04:31 2025-04-09
Technical analysis
Can't speak right now?
Ask your question in the chat.
Widget callback
Callback widget
 

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.