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
Key documents
Social Responsibility
31.01.2025 05:44 PM
Outlook for BTC/USD
Open trading account Open demo account

This image is no longer relevant

Today, investor attention will be focused on the Personal Consumption Expenditures (PCE) Price Index, scheduled for 13:30 GMT. If the data exceeds expectations, the Federal Reserve may maintain its hawkish stance, potentially leading to a decline in both stock and crypto markets. However, if the figures remain stable or decline, the US dollar may come under pressure, increasing the likelihood of further crypto market growth.

This image is no longer relevant

Market outlook

In general, Bitcoin and other cryptocurrencies remain in an uptrend. If there are no negative macroeconomic surprises, the crypto market may continue to strengthen.

Long positions are preferred for BTC/USD. A break above the local resistance of 107,000.00 could serve as a signal for new buying opportunities, with an earlier signal triggered by a breakout above 105,200.00.

This image is no longer relevant

The alternative bearish scenario would be confirmed by a break below today's low of 103,826.00, leading to further declines toward key support levels at 103,365.00 (200 EMA on the 1-hour chart), 102,800.00, 100,550.00 (200 EMA on the 4-hour chart), and 98,930.00 (50 EMA on the daily chart).

A deeper correction could bring BTC down to the local support level of 91,000.00. A break below this level might trigger a larger sell-off toward 75,000.00, as suggested by some economists.

From both a technical and fundamental perspective, considering Trump's statements about making the US a "crypto haven," the outlook for digital assets—especially Bitcoin—remains positive. As a result, long positions remain preferable for BTC/USD.

Key support and resistance levels

Support levels: 103,820.00, 103,365.00, 103,000.00, 102,800.00, 102,000.00, 100,500.00, 100,000.00, 99,000.00, 98,930.00, 91,000.00, 87,500.00, 82,580.00, 81,100.00, 80,000.00

Resistance levels: 105,000.00, 105,200.00, 106,000.00, 107,000.00, 108,000.00, 109,000.00, 109,500.00, 110,000.00

Trading scenarios

Main scenario (bullish):

Buy stop at 105,210.00, 106,000.00, 107,100.00

Stop-loss: 103,300.00

Targets: 108,000.00, 109,000.00, 109,500.00, 110,000.00

Alternative scenario (bearish):

Sell stop at 103,300.00

Stop-loss: 104,700.00

Targets: 103,000.00, 102,800.00, 102,000.00, 100,500.00, 100,000.00, 99,000.00, 98,930.00, 91,000.00, 87,500.00, 82,580.00, 81,100.00, 80,000.00

Note: The target levels correspond to support and resistance levels. This does not guarantee that they will be reached, but they serve as reference points for trade planning and position placement.

Jurij Tolin,
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
Technical analysis
GBP/USD – March 10th: What Does the New Week Hold for Traders? On the hourly chart, GBP/USD attempted to consolidate above the 1.2931 level on Friday, but bulls failed to hold their ground. A rebound from this level could signal a reversal
Samir Klishi
12:58 2025-03-10 +02:00
1015
Crypto-currencies
BTC/USD Analysis – March 10th The 4-hour wave structure for BTC/USD is quite clear. After the completion of a five-wave bullish trend, the market has transitioned into a bearish corrective phase. Given this
Chin Zhao
12:51 2025-03-10 +02:00
1015
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

BTC/USD Analysis – March 10th

The 4-hour wave structure for BTC/USD is quite clear. After the completion of a five-wave bullish trend, the market has transitioned into a bearish corrective phase. Given this
Chin Zhao 11:51 2025-03-10 UTC+2

Bitcoin and Ethereum Are Showing Extremely High Volatility

Demand in the cryptocurrency market remains, but Bitcoin and Ethereum's every attempt at growth is met with sell-offs. Since last Monday, when Bitcoin's price volatility reached its highest level
Jakub Novak 09:11 2025-03-10 UTC+2

Bitcoin – Technical Analysis

Despite last week bringing the market back to its previous consolidation zone, sellers remain active. They are currently retesting the support level of the weekly medium-term trend at 82,161.59, with
Evangelos Poulakis 23:43 2025-03-09 UTC+2

Cryptocurrency Market Trading Recommendations for March 7th

Bitcoin and Ethereum continue their struggle for growth, though not without challenges. At the time of writing, Bitcoin rebounded from the $84,000 level and is trading at $88,000. Ethereum also
Miroslaw Bawulski 12:52 2025-03-07 UTC+2

Technical Analysis of Intraday Price Movement of Doge Cryptocurrency, Friday March 07, 2025.

With the appearance of Divergence between price movements and the RSI(5) indicator on the 4-hour chart, it has given a confirmation that in the near future Doge has the potential
Arief Makmur 07:10 2025-03-07 UTC+2

Technical Analysis of Intraday Price Movement of Bitcoin Cryptocurrency, Friday March 07, 2025.

On the 4-hour chart of the Bitcoin cryptocurrency, a Bearish 123 pattern appears followed by the appearance of Divergence between the Bitcoin price movement and the Stochastic Oscillator indicator
Arief Makmur 07:10 2025-03-07 UTC+2

The First-Ever White House Summit on Digital Assets in U.S. History! What Will Trump Discuss?

According to U.S. Commerce Secretary Howard Lutnick, who took office on February 19, 2025, President Donald Trump is preparing a strategic cryptocurrency reserve proposal, set to be unveiled this Friday
Irina Yanina 17:49 2025-03-06 UTC+2

Trading tips for crypto market on March 6 (North American session)

Bitcoin managed to correct after the Asian session's rally, allowing for a short position at $91,200. While a major decline didn't materialize, the price did manage to update the $90,500
Miroslaw Bawulski 12:50 2025-03-06 UTC+2

Bitcoin and Ethereum regaining consciousness

Yesterday, Bitcoin and Ethereum gained between 3% and 5%, sparking discussions that the sharp correction observed in recent weeks may be nearing its end. News that China has intensified
Jakub Novak 10:43 2025-03-06 UTC+2

Bitcoin and Ethereum Remain Under Pressure

Although the cryptocurrency market has stabilized after Monday's sell-off, it is still too early to dismiss sellers. In Washington and the crypto market, many questions arise about how exactly
Jakub Novak 08:32 2025-03-05 UTC+2

Top analytics

Relevance up to 22:00 2025-03-10 UTC--4
EUR/USD Forecast for March 10, 2025
04:31 2025-03-10
Technical analysis
Relevance up to 20:00 2025-03-10 UTC--4
GBP/USD Pair Overview – March 10: The British Pound Continues to Rise Alongside Others
05:35 2025-03-10
Fundamental analysis
Relevance up to 20:00 2025-03-10 UTC--4
EUR/USD Pair Overview – March 10: How Much Longer Will Trump Weaken the Dollar?
05:35 2025-03-10
Fundamental analysis
Relevance up to 02:00 2025-03-11 UTC--4
EUR/USD: Simple Trading Tips for Beginner Traders on March 10. Forex Trade Analysis
09:09 2025-03-10
Forecast
Relevance up to 20:00 2025-03-10 UTC--4
Trading Recommendations and Analysis for GBP/USD on March 10: Is the British Pound Exhausted?
02:59 2025-03-10
Trading plan
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.