empty
19.02.2025 10:44 AM
BTC/USD Analysis – February 19th: Calm Persists in the Cryptocurrency Market

This image is no longer relevant

The 4-hour wave structure of BTC/USD appears clear and well-defined. Following a prolonged and complex corrective a-b-c-d-e wave, which formed between March 14 and August 5, Bitcoin initiated a new impulsive wave, which has already developed into a five-wave formation. Given the size of the first wave, the fifth wave is likely to be shortened, leading to the expectation that Bitcoin may not exceed $110,000–$115,000 in the coming months.

The three-wave formation of Wave 4 further validates the accuracy of the current wave structure. Bitcoin's previous growth was supported by institutional investments, government backing, and pension funds. However, Donald Trump's policies could drive investors away, as an uptrend cannot continue indefinitely. The current shape of Wave 2 within Wave 5 raises doubts about its validity, leading to the possibility that the bullish phase is already over.

Bitcoin Stuck in a Limited Price Range

Bitcoin has remained range-bound this week, with minor price fluctuations that fail to meet traders' expectations. The BTC/USD pair continues to slowly decline toward the Wave 4 low, reinforcing the idea that the bullish phase is complete.

Trump's presidency has not triggered a Bitcoin surge or led to the creation of a BTC reserve in the U.S. Consequently, there are no strong catalysts to drive demand for Bitcoin at the moment, especially after its significant price rally last year. The lack of strong news flow has further reduced market activity, and Trump's policies have predominantly contributed to Bitcoin's price decline.

This image is no longer relevant

General Outlook

Based on the BTC/USD analysis, Bitcoin's uptrend is either approaching its end or has already concluded. This may not be a popular view, but Wave 5 appears shortened. If this assumption is correct, Bitcoin may face either a sharp decline or an extended correction. Currently, a complex correction seems more likely.

At this stage, buying Bitcoin is not advisable. If BTC falls below the Wave 4 low, it would confirm the transition into a bearish trend phase.

On higher timeframes, the five-wave upward structure is visible, suggesting that a corrective or bearish trend phase may begin soon.

Key Principles of This Analysis

  1. Wave structures should be simple and clear. Complex formations are difficult to interpret and often shift unexpectedly.
  2. If there is uncertainty in the market, it's better to stay out.
  3. No market direction is ever 100% certain. Always use stop-loss orders to manage risk.
  4. Wave analysis can be combined with other analytical methods and trading strategies for better accuracy.
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
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST

Recommended Stories

Trading tips for crypto market on May 20 (North American session)

Bitcoin and Ether performed well today in terms of buying following a pause in yesterday's bear market. Demand has returned to the cryptocurrency market, especially after geopolitical tensions eased somewhat

Miroslaw Bawulski 16:20 2025-06-20 UTC+2

Trading Recommendations for the Cryptocurrency Market on June 20

Bitcoin continued trading within a sideways channel, dropping to the $104,000 area yesterday before recovering to a more acceptable level of $104,500. Ethereum also showed no clear directional movement. Despite

Miroslaw Bawulski 09:24 2025-06-20 UTC+2

Technical Analysis of Intraday Price Movement of Ripple Cryptocurrency, Friday June 20, 2025.

The Ripple cryptocurrency on its 4-hour chart appears to be moving in a ranging - sideways condition where it is currently stuck at the Support Bullish Rejection Block area level

Arief Makmur 07:45 2025-06-20 UTC+2

Technical Analysis of Intraday Price Movement of Doge Cryptocurrency, Friday June 20, 2025.

From what is seen on the 4-hour chart, the Doge cryptocurrency appears to be moving under a Bearish bias, where this can be seen from its price movement which

Arief Makmur 07:45 2025-06-20 UTC+2

BTC/USD Analysis on June 19, 2025

The wave pattern on the 4-hour BTC/USD chart has become more complex in recent months. A corrective downward structure formed and completed near the $75,000 level. After that, a fairly

Chin Zhao 11:07 2025-06-19 UTC+2

Trading Recommendations for the Cryptocurrency Market on June 19

Yesterday, Bitcoin and Ethereum remained under pressure, failing to receive support from major players despite attempts to break through key resistance levels. After dipping to around $130,400, Bitcoin is currently

Miroslaw Bawulski 08:36 2025-06-19 UTC+2

Wave analysis of BTC/USD on June 18. Bitcoin to clear up its overall impulse

The wave pattern on the 4-hour chart of BTC/USD has become more complicated in recent months. We observed a corrective downward structure that completed near the $75,000 mark. After that

Chin Zhao 15:34 2025-06-18 UTC+2

Middle East Tensions and U.S. Involvement Trigger Crypto Market Sell-Off

Bitcoin came under significant pressure yesterday following the escalation of tensions in the Middle East. The likelihood of U.S. involvement in a military conflict has increased significantly, which puts pressure

Jakub Novak 11:41 2025-06-18 UTC+2

Trading Recommendations for the Cryptocurrency Market on June 18

Bitcoin and Ethereum plunged following the latest escalation in the Middle East and the increasing likelihood that the United States will be drawn into the conflict. Bitcoin dropped from $107,600

Miroslaw Bawulski 09:46 2025-06-18 UTC+2

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
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.