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
18.03.2025 10:47 AM
BTC/USD Analysis – March 18th: Bitcoin Prepares for Growth, but the Risk of Collapse Remains
Open trading account Open demo account

This image is no longer relevant

The 4-hour wave structure for BTC/USD appears clear and well-defined. After completing a five-wave bullish trend, a bearish phase began, which currently resembles a corrective pattern. Based on this, I do not expect Bitcoin to surpass $110,000 - $115,000 in the coming months.

Bitcoin's uptrend was supported by a steady flow of positive news regarding institutional investments, government purchases, and pension fund allocations. However, Trump's policies have driven investors out of the market, and no trend can remain bullish indefinitely.

The wave that started on January 20 does not resemble an impulse wave, suggesting we are dealing with a complex corrective structure that could last for months. The internal structure of this first wave is intricate, but I can identify a five-wave a-b-c-d-e pattern within it.

If the current wave analysis is correct, Bitcoin is now forming a corrective bullish wave, which, based on classical Elliott Wave theory, should consist of three waves.

BTC/USD has managed to halt its decline, and the current wave structure suggests a potential rise. However, this conclusion is based purely on technical wave analysis, as the fundamental backdrop remains bearish for Bitcoin, stocks, and other risk assets.

That said, it's crucial to remember that wave analysis does not control markets—it only highlights the most probable scenarios.

The price action over the past few days indicates a lack of buyers, which is another bearish signal. Additionally, the downward wave structure could evolve into an even more complex, extended pattern, surpassing the initial a-b-c-d-e formation.

Currently, Bitcoin appears to be slipping back toward the low of wave e, which leads me to believe that a three-wave correction may not materialize, and the downtrend could resume sooner than expected.

Analyzing the fundamental backdrop won't take much time—there are no major bullish developments that could justify a strong price surge.

Instead, we see a clear pattern. Since Donald Trump became U.S. president, Bitcoin has consistently lost value. This remains the primary bearish factor, and I expect it to continue pushing market participants toward selling Bitcoin.

This image is no longer relevant

General Conclusions

Based on my BTC/USD analysis, I conclude that Bitcoin's current growth phase is over. Everything suggests that we are in the early stages of a complex, multi-month correction.

I have not recommended buying Bitcoin before, and I certainly do not recommend it now.

A drop below the low of wave 4 would confirm that Bitcoin is entering a full-fledged bearish trend, likely of a corrective nature.

Therefore, I consider the best approach to be searching for short-selling opportunities. If a bullish correction occurs, I will look for selling opportunities with targets around $68,000 and lower.

On higher timeframes, Bitcoin has completed a five-wave bullish cycle and is now in the early stages of a corrective or full-scale bearish trend.

Key Principles of My Analysis:

  1. Wave structures should be simple and clear. Complex patterns are difficult to trade and often change unexpectedly.
  2. If there is uncertainty in the market, it is better to stay out.
  3. There is never 100% certainty in market direction. Always use Stop Loss orders.
  4. Wave analysis can be combined with other types of analysis and trading strategies.
Chin Zhao,
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
Forecast
USD/JPY: Simple Trading Tips for Beginner Traders on March 19. Review of Yesterday's Forex Trades The test of the 149.86 price level occurred when the MACD indicator had moved significantly above the zero mark, limiting the pair's upside potential. For this reason
Jakub Novak
09:01 2025-03-19 +02:00
1600
Forecast
GBP/USD: Simple Trading Tips for Beginner Traders on March 19. Review of Yesterday's Forex Trades The test of the 1.2980 price level occurred when the MACD indicator had already moved significantly below the zero mark, which limited the pair's downside potential. For this reason
Jakub Novak
09:01 2025-03-19 +02:00
1495
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

Trading Recommendations for the Cryptocurrency Market on March 18

Bitcoin and Ethereum buyers attempted to achieve more significant growth, and for a moment, the bullish market might gain hope for a return. However, they could not hold the achieved
Miroslaw Bawulski 08:00 2025-03-18 UTC+2

Bitcoin and Ethereum struggling to stay afloat

Bitcoin and Ethereum carry on with their efforts to grow, despite encountering difficulties each time. Nevertheless, the chances of a return to a bullish market remain quite high. After
Jakub Novak 09:32 2025-03-17 UTC+2

Trading Recommendations for the Cryptocurrency Market on March 17

Bitcoin and Ethereum continue to consolidate within their respective channels, allowing for the expectation of a continued bullish market. However, several technical factors must be met for this to happen
Miroslaw Bawulski 08:04 2025-03-17 UTC+2

Another Consolidation Before a Drop

Bitcoin and Ethereum continue their attempts to rise, but each time they face obstacles, suggesting that this is more of a consolidation phase within an ongoing bearish correction rather than
Jakub Novak 12:25 2025-03-14 UTC+2

Trading Recommendations for the Cryptocurrency Market on March 14

Bitcoin and Ethereum are currently consolidating within channels, creating conditions that may lead to further declines. While many experts agree that the lows have already been reached and an unstoppable
Miroslaw Bawulski 08:20 2025-03-14 UTC+2

Technical Analysis of Intraday Price Movement of Uniswap Cryptocurrency, Friday March 14, 2025.

From what is seen on the 4-hour chart of the Uniswap cryptocurrency, although currently still under pressure, is indicated by its price movement moving below the EMA (21) which
Arief Makmur 07:03 2025-03-14 UTC+2

Technical Analysis of Intraday Price Movement of Doge Cryptocurrency, Friday March 14, 2025.

With the appearance of Convergence between the price movement of the Doge cryptocurrency and the Stochastic Oscillator indicator, it gives an indication that in the near future Doge
Arief Makmur 07:03 2025-03-14 UTC+2

Bitcoin and Ethereum Buyers Struggle to Gain Control

Bitcoin continues its recovery after the major sell-off at the beginning of the week. However, yesterday's failure to break the weekly high casts doubt on the short-term bullish outlook
Jakub Novak 10:22 2025-03-13 UTC+2

Trading Recommendations for the Cryptocurrency Market on March 13

Bitcoin and Ethereum are locked within new channels. On the positive side, the intense selling pressure observed at the beginning of the week has subsided. However, there are concerns about
Miroslaw Bawulski 08:05 2025-03-13 UTC+2

Top analytics

Relevance up to 23:00 2025-03-19 UTC--4
EUR/USD Forecast for March 19, 2025
05:05 2025-03-19
Technical analysis
Relevance up to 22:00 2025-03-19 UTC--4
GBP/USD Forecast for March 19, 2025
05:05 2025-03-19
Technical analysis
Relevance up to 21:00 2025-03-19 UTC--4
EUR/USD Pair Overview – March 19: What Will the Fed Meeting Change?
03:34 2025-03-19
Fundamental analysis
Relevance up to 00:00 2025-03-21 UTC--4
EUR/USD and GBP/USD March 19 – Technical Analysis
06:36 2025-03-19
Technical analysis
Relevance up to 21:00 2025-03-19 UTC--4
Trading Recommendations and Analysis for EUR/USD on March 19: Slow but Steady Rise Ahead of the Fed Meeting
03:34 2025-03-19
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.