empty
17.03.2025 04:16 PM
Trading Signals for BITCOIN for March 17-19, 2025: sell below $85,000 (21 SMA - 200 EMA)

This image is no longer relevant

Early in the American session, Bitcoin was trading at $83,600 around the 21st SMA and within the downtrend channel forming since early March. BTC has been consolidating around $84,000. However, there is strong resistance at the 6/8 Murray and the 200 EMA around 88,247, which is putting pressure on BTC.

The outlook remains bearish for BTC in the coming days. The target for bears is $75,000 around the 4/8 Murray. It could also serve as a key level for bulls because this area could also offer an attractive buying opportunity.

On the other hand, if Bitcoin attempts to break the downtrend channel around $85,500 in the coming hours, this could be seen as an opportunity to sell with targets at 5/8 Murray around $81,250, and finally at the 4/8 Murray at $75,000.

This week will be crucial for Bitcoin as various major central banks will announce their interest rate decisions, which could affect Bitcoin's strength. If, under all circumstances, market sentiment shifts toward risk aversion, we could expect Bitcoin to fall toward $75,000.

The key point for selling Bitcoin is to wait for it to reach $87,500 to $88,500, both of which could be good points to sell with short-term targets around $80,000 and $75,000.

Our trading plan for the next few hours is to sell BTC within the downtrend channel or below 85,500 with targets at 81,250.

Dimitrios Zappas,
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

EUR/USD and GBP/USD March 19 – Technical Analysis

The pair is currently testing the upper boundaries of the monthly Ichimoku cloud at 1.0943 and the weekly cloud at 1.0946. If buyers can consolidate in the bullish zone relative

Evangelos Poulakis 05:36 2025-03-19 UTC+2

EUR/USD Forecast for March 19, 2025

We've arrived at the key event of the week—the Federal Reserve's monetary policy decision. The interest rate is expected to remain unchanged, but we are eager to see what Jerome

Laurie Bailey 04:05 2025-03-19 UTC+2

GBP/USD Forecast for March 19, 2025

The British pound has paused and strengthened at the target level of 1.3001 ahead of today's Federal Reserve meeting. The technical analysis indicates that the uptrend remains dominant, with

Laurie Bailey 04:05 2025-03-19 UTC+2

Oil Forecast for March 19, 2025

Yesterday, oil prices demonstrated significant volatility, with a sharp decline from the resistance level of 68.69, dropping below the support level of 66.77. This trend suggests further price declines, targeting

Laurie Bailey 04:05 2025-03-19 UTC+2

Trading Signals for GOLD (XAU/USD) for March 18-20, 2025: sell below $3,037 (+2/8 Murray + W_R1)

Early in the American session, gold was trading at 3,029.38, above the +1/8 Murray level, reaching overbought levels and above the psychological level of $3,000. Market fears are driving

Dimitrios Zappas 17:08 2025-03-18 UTC+2

EUR/USD – March 18th: Christine Lagarde Warns the U.S.

On Monday, the EUR/USD pair once again moved toward the 1.0944 level, but this time, bulls failed to reach this target. As a result, no new trading signals were generated

Samir Klishi 10:30 2025-03-18 UTC+2

Forex forecast 18/03/2025: EUR/USD, GBP/USD, USD/CAD, 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 10:16 2025-03-18 UTC+2

GBP/USD – March 18: Will the FOMC Help the Dollar?

On the hourly chart, GBP/USD rebounded from the 1.2931 level on Monday and resumed its upward movement toward the 127.2% Fibonacci level at 1.3003. A rejection from this level would

Samir Klishi 10:03 2025-03-18 UTC+2

Technical Analysis of Intraday Price Movement of Gold Commodity Instrument, Tuesday March 18, 2025.

In the 4-hour chart of the Gold commodity instrument, Convergence is visible, which confirms that in the near future Gold has the potential to strengthen even though because the Stochastic

Arief Makmur 08:17 2025-03-18 UTC+2

Technical Analysis of Intraday Price Movement of EUR/JPY Cross Currency Pairs, Tuesday March 18, 2025

If we look at the 4-hour chart, the EUR/JPY cross currency pair appears to be moving harmoniously in the Bullish Pitchfork channel, which indicates that the bias of EUR/JPY

Arief Makmur 08:01 2025-03-18 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.