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
22.01.2025 08:50 AM
Analysis of BTC/USD - January 22: Gary Gensler's Resignation Delights the Market
Open trading account Open demo account

This image is no longer relevant

The wave structure of BTC/USD on the 4-hour chart is quite clear. After a lengthy and complex corrective structure (a-b-c-d-e) that developed from March 14 to August 5, a new impulsive wave has started to form, which is already showing a five-wave structure. Given the size of the first wave, it is likely that the fifth wave may be shortened. Therefore, I do not expect Bitcoin to exceed $110,000–$115,000 in the coming months.

Additionally, wave 4 has taken on a three-wave form, which confirms the validity of the current wave marking. As wave 5 continues to develop, it is advisable to look for buying opportunities. However, as previously mentioned, this wave could conclude very soon—or it may have already ended. The news environment remains supportive of Bitcoin's growth, driven by reports of investments from institutional traders, governments, and pension funds in certain countries. While some of this information may not be entirely accurate, demand for Bitcoin is on the rise. The critical question now is how long this demand can be sustained.

The Crypto Market Is Optimistic About the Future

On Tuesday, BTC/USD rose by $4,300; however, this increase did not alter the current wave count. I still do not see a convincing wave 2 within the presumed wave 5 that would indicate new buying opportunities for Bitcoin. While Bitcoin is certainly on the rise, the sustainability of this growth remains uncertain. Many analysts believe that Bitcoin's growth is eternal or at least has a long way to go, with price projections ranging from $250,000 to even $1,000,000. Personally, I am less optimistic and expect Bitcoin to experience significant periodic corrections.

Yesterday, the market reacted positively to the resignation of Gary Gensler, who has repeatedly obstructed the crypto industry in recent years. The Trump administration appears to take a more liberal stance toward Bitcoin and other crypto assets, aiming to ease regulations. Moreover, Trump has expressed openness to including Bitcoin in the U.S. strategic reserves. While these developments are contributing to a rise in BTC's price, I remain cautious about the longevity of this growth. Wave 2 within wave 5 could take on a three-wave form, leading to another drop below $100,000. If wave 5 turns out to be truncated, we may see a much stronger collapse of Bitcoin's value. Once again, I am not convinced that Bitcoin will experience perpetual growth under any U.S. president.

This image is no longer relevant

General Conclusions

Based on my analysis of BTC/USD, I believe that the current growth phase of this instrument may be nearing its end. While this perspective might be unpopular, I suspect that wave 5 could be truncated, potentially leading to a collapse or a complex correction. Therefore, I do not recommend buying cryptocurrency at this time.

If wave 5 develops into an extended five-wave structure, it should be preceded by a clear corrective wave 2. This corrective wave would indicate that the market is preparing for new buying momentum, creating opportunities for investors to enter.

On a higher timeframe, a five-wave bullish structure is evident. Soon, we may see the emergence of a corrective bearish structure or the onset of a bearish trend.

Key Principles of My Analysis

  1. Wave structures should be simple and clear. Complex structures are challenging to trade and often subject to change.
  2. If market conditions are unclear, it is better to stay out.
  3. There is never 100% certainty in market direction. Always use Stop Loss orders.
  4. Wave analysis can and should be combined with other analytical methods 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
Fundamental analysis
The Kiwi Doesn't Give Up Despite New Zealand's Weak Economy We previously noted that New Zealand's economy currently appears weak, and recent data has done nothing to challenge that assessment. The PMI indices deteriorated sharply in May, with the manufacturing
Kuvat Raharjo
12:10 2025-06-17 +02:00
1270
Technical analysis
Forecast for EUR/USD on June 17, 2025 On Monday, the EUR/USD pair continued its upward movement, consolidated above the 100.0% corrective level at 1.1574, but was unable to continue rising afterward. A close below the 1.1574 level
Samir Klishi
12:00 2025-06-17 +02:00
1345
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

JPMorgan Chase & Co. plans to launch its own stablecoin

JPMorgan Chase & Co., the largest US bank by assets and market capitalization, has filed a trademark application for what appears to be a new blockchain-based asset called JPMD, sparking
Jakub Novak 11:25 2025-06-17 UTC+2

Trading Recommendations for the Cryptocurrency Market on June 17

Bitcoin dropped from $108,700 to $106,000, while Ethereum fell from a high of $2,676 to $2,525 before slightly recovering. While crypto traders anticipate a sustained bullish trend and a potential
Miroslaw Bawulski 09:04 2025-06-17 UTC+2

What are odds of BTC trading at $150K by August?

For several days, Bitcoin hovered above the $105,000 level, seemingly waiting. But today, it broke through. We've witnessed a classic consolidation phase ahead of a possible price surge
Ekaterina Kiseleva 17:22 2025-06-16 UTC+2

Trading Recommendations for the Cryptocurrency Market on June 16

Bitcoin and Ethereum regained their positions following a major sell-off at the end of last week, which occurred after the outbreak of the military conflict between Iran and Israel. This
Miroslaw Bawulski 08:55 2025-06-16 UTC+2

The Cryptocurrency Market Collapsed — Here's Why

Bitcoin and Ethereum have crashed. Bitcoin lost around 3.5% during morning trading alone, while Ethereum dropped by more than 10%, then slightly rebounded. Panic swept through the cryptocurrency market immediately
Jakub Novak 11:12 2025-06-13 UTC+2

Trading Recommendations for the Cryptocurrency Market on June 13

Bitcoin and Ethereum plunged following Israel's overnight strike on Iran's nuclear facilities, triggering a massive sell-off of risk assets, including in the cryptocurrency market. Should Iran launch a serious retaliatory
Miroslaw Bawulski 09:04 2025-06-13 UTC+2

Technical Analysis of Intraday Price Movement of Filecoin Cryptocurrency, Friday June 13, 2025.

Not much different from other cryptocurrencies such as Solana, Filecoin also has almost similar conditions on its 4-hour chart where there is a Divergence between the Filecoin price movement
Arief Makmur 07:39 2025-06-13 UTC+2

Technical Analysis of Intraday Price Movement of Solana Cryptocurrency, Friday June 13, 2025.

With the appearance of Divergence between the price movement of the Solana cryptocurrency on its 4-hour chart, with the Stochastic Oscillator indicator and confirmed by the labeling of its price
Arief Makmur 07:39 2025-06-13 UTC+2

Trading Recommendations for the Cryptocurrency Market on June 12

Bitcoin and Ethereum experienced a notable pullback after another unsuccessful attempt to rally. Bitcoin could not retest its all-time high, and Ethereum could not surpass the $2900 mark. U.S. Treasury
Miroslaw Bawulski 09:10 2025-06-12 UTC+2

Solana spot ETF around corner

Right now, Solana is in the spotlight for traders. According to the latest reports, the US Securities and Exchange Commission (SEC) has requested that potential Solana ETF issuers submit amended
Jakub Novak 16:23 2025-06-11 UTC+2

Top analytics

Relevance up to 01:00 2025-06-18 UTC--5
Intraday Strategies for Beginner Traders on June 17
08:23 2025-06-17
Forecast
Relevance up to 21:00 2025-06-17 UTC--5
EUR/USD Forecast for June 17, 2025
04:51 2025-06-17
Technical analysis
Relevance up to 20:00 2025-06-17 UTC--5
Trading Recommendations and Analysis for EUR/USD on June 17: Geopolitics Played Its Part
03:49 2025-06-17
Trading plan
Relevance up to 01:00 2025-06-18 UTC--5
GBP/USD: Simple Trading Tips for Beginner Traders on June 17. Analysis of Yesterday's Forex Trades
08:42 2025-06-17
Forecast
Relevance up to 01:00 2025-06-18 UTC--5
USD/JPY: Simple Trading Tips for Beginner Traders on June 17. Analysis of Yesterday's Forex Trades
08:42 2025-06-17
Forecast
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.