empty
InstaForex - Official partner of Dragon Racing
InstaForex - Official partner of Dragon Racing
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
06.01.2023 11:05 AM
Technical Analysis of BTC/USD for January 6, 2023
Open trading account Open demo account

Crypto Industry News:

The private information of 200 million Twitter users, including their email addresses, was put up for sale after the information of 400 million users was stolen in the last week of December 2022.

The hacker behind the December hack had previously demanded $200,000 from Twitter to return the stolen data, and warned that if the request was not met, the data would be made available for free. The latest dataset posted on a hacker forum is for the same December 2022 hack.

Privacy Affairs researchers have confirmed that the dataset leaked on a hacker forum is the same as in December. The figure of 200 million in this case was due to the removal of duplicates. The provided dataset does not contain phone numbers. The researchers warn that these kits could be used to initiate social engineering or "doxing" campaigns.

The dataset was originally 63GB, but after removing duplicates and compressing the files, the size of the latest dataset was reduced to 4GB and was free to download.

The hacker also added that an analysis of the dates of the original files and account creation dates "strongly suggests" that they were collected from early November 2021 to December 14, 2021.

Many Twitter users have called for the social media platform to step up security as hacks put activists and whistleblowers at risk.

Some of the popular and famous names and entities that are affected include Sundar Pichai, Donald Trump Jr., SpaceX, CBS Media, NBA and WHO. The data leak vulnerability has already been patched. However, looking back, it seems that the same vulnerability was also exploited in another exploit in July 2022.

Technical Market Outlook:

The BTC/USD pair keeps trading above 100 MA, nevertheless the recent rally had been capped at $17,000 after the Bearish Engulfing candlestick pattern was made at H4 time frame chart. A breakout above the level of $17,057 is needed in order to extend the rally towards the key short-term technical resistance seen at $18,360, but for now the bulls are still trading below the level of $16,950. On the other hand, any breakout below the range low would extend the corrective cycle towards the level of $15,984 (November 28th low). Strong and positive momentum support the short-term bullish outlook.

This image is no longer relevant

Weekly Pivot Points:

WR3 - $17,051

WR2 - $16,841

WR1 - $16,758

Weekly Pivot - $16,662

WS1 - $16,548

WS2 - $16,422

WS3 - $16,213

Trading Outlook:

The down trend on the H4, Daily and Weekly time frames continues without any indication of a possible trend termination or reversal. So far every bounce and attempt to rally is being used to sell Bitcoin for a better price by the market participants, so the bearish pressure is still high. Moreover, there is a clear test of the 50 WMA located at the level of $15,600, so any breakout below the moving average and a weekly candle close below moving average will be considered as another indication of the down trend continuation. The new yearly low was made at $15,555 and if this level is violated, then the next long-term target for bulls is seen at $13,712. On the other hand, the gamechanging level for bulls is located at $25,367 and it must be clearly violated for a valid breakout in the longer term.

Sebastian Seliga,
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
Wave analysis
EUR/USD Analysis – March 17th The 4-hour wave analysis for EUR/USD is at risk of transforming into a more complex structure. A new downward trend began on September 25, taking the form of a five-wave
Chin Zhao
18:34 2025-03-17 +02:00
1090
Forecast
USD/JPY: Simple Trading Tips for Beginner Traders – March 17th (U.S. Session) The test of the 148.68 level occurred when the MACD indicator had already moved significantly downward from the zero mark, limiting the pair's downward potential. For this reason
Jakub Novak
18:32 2025-03-17 +02:00
1075
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

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

Bitcoin Prepares for a Comeback

As Bitcoin and Ether bounce back strongly from their yearly lows, this indicates that the bull market is not finished yet. In this context, Senator Cynthia Lummis has reintroduced
Jakub Novak 23:59 2025-03-12 UTC+2

Bitcoin Depends on Sentiment in the U.S. Stock Market

The cryptocurrency market has seen a slight recovery after another sell-off earlier this week. However, the situation remains tense, and selling pressure could return at any moment
Jakub Novak 10:24 2025-03-12 UTC+2

Top analytics

Relevance up to 09:00 UTC--4
EUR/USD Analysis – March 17th
18:34 2025-03-17
Wave analysis
Relevance up to 05:00 UTC--4
EUR/USD – March 17th: Traders Take a Break as Trump Remains Silent
12:51 2025-03-17
Technical analysis
Relevance up to 05:00 2025-03-21 UTC--4
Weekly Forecast Based on Simplified Wave Analysis for EUR/USD, USD/JPY, GBP/JPY, USD/CAD, #Bitcoin, and #Ripple – March 17th
10:23 2025-03-17
Wave analysis
Relevance up to 02:00 UTC--4
EUR/USD: Simple Trading Tips for Beginner Traders on March 17. Review of Yesterday's Forex Trades
09:03 2025-03-17
Forecast
Relevance up to 22:00 UTC--4
EUR/USD Forecast for March 17, 2025
04:40 2025-03-17
Technical analysis
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.