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21.03.202507:18 Forex Analysis & Reviews: Technical Analysis of Intraday Price Movement of Bitcoin Cryptocurrency, Friday March 21, 2025.

This information is provided to retail and professional clients as part of marketing communication. It does not contain and should not be construed as containing investment advice or investment recommendation or an offer or solicitation to engage in any transaction or strategy in financial instruments. Past performance is not a guarantee or prediction of future performance. Instant Trading EU Ltd. makes no representation and assumes no liability as to the accuracy or completeness of the information provided, or any loss arising from any investment based on analysis, forecast or other information provided by an employee of the Company or otherwise. Full disclaimer is available here.

Exchange Rates 21.03.2025 analysis

With the appearance of Divergence between Bitcoin price movements with the Stochastic Oscillator indicator and the Bullish 123 pattern followed by the Bullish Ross Hook (RH)), in the near future Bitcoin has the potential to test the 86611.34 level. If this level is successfully breaks and closes above that level then Bitcoin has the potential to go to the 89364.97 level even if the volatility and momentum of its strengthening support, then 97277.70 will be the next target to be targeted but please also note the appearance of the Rising Wedge pattern which has the potential to be corrected again to weaken especially please pay attention to the 811192.98 level because if this level is successfully broken and closes below it then all the strengthening scenarios that have been described previously will be invalid and canceled by themselves.

(Disclaimer)

Arief Makmur
Analytical expert of InstaForex
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