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
29.05.2025 03:04 PM
Bitcoin recovers to $109,000
Open trading account Open demo account

Bitcoin quickly rebounded to the $109,000 mark today. This rapid surge, especially following yesterday's dip to around $106,600, once again highlights the strong interest from large players who take advantage of market pullbacks to accumulate positions.

This image is no longer relevant

The observed recovery not only demonstrates Bitcoin's resilience to short-term shocks but also indicates the presence of significant capital ready to support the asset at the first signs of correction. Whales are likely viewing such dips as strategic buying opportunities, which in turn reinforces Bitcoin's position in the market.

Glassnode data supports this view: the total open interest in BTC futures across major exchanges has surged to a record $46.2 billion. This unprecedented level of activity in the derivatives market reflects Bitcoin's growing institutionalization and deeper integration into the traditional financial system.

The increase in open interest may be driven by both new participants entering the market and existing players expanding their positions, either to profit from crypto volatility or to hedge their risks. This institutional momentum has played a key role in supporting the current performance of the market.

However, record-high open interest brings both opportunities and risks. On one hand, it indicates market maturity and improved liquidity, which facilitates large transactions and reduces transaction costs.

On the other hand, a high concentration of open positions may create the conditions for sharp price swings and so-called "liquidation cascades," where mass stop-loss triggers lead to further price drops. That's why market participants — especially smaller traders — need to remain cautious and analyze the situation carefully.

Still, as noted above, the current trend suggests continued optimism among major holders, which is undeniably a positive signal for the entire crypto community. The key question now is how long this bullish trend will last and what factors might influence its future trajectory.

Trading recommendations

This image is no longer relevant

Bitcoin (BTC): From a technical standpoint, buyers are currently targeting a return to the $108,400 level, which would open the path toward $109,900, and from there, it's a short leap to $110,700. The furthest bullish target sits at the $111,400 area. A breakout above it would signal a strong continuation of the bull market.

If Bitcoin falls, buyers are expected to step in at the $107,000 level. A move back below this zone could send BTC quickly toward $106,200. The furthest bearish target is around $105,200.

This image is no longer relevant

Ethereum (ETH): A confirmed hold above the $2,747 level opens the direct path to $2,791. The most distant bullish target lies around $2,838 — a breakout above which would also confirm a strong bull market structure.

If ETH declines, buyers are expected at the $2,708 zone. A drop below this area could push ETH down to $2,667, with the furthest bearish target near $2,625.

What's on the chart

  • Red lines represent support and resistance levels, where price is expected to either pause or react sharply.
  • Green line shows the 50-day moving average.
  • Blue line is the 100-day moving average.
  • Lime line is the 200-day moving average.

Price testing or crossing any of these moving averages often either halts movement or injects fresh momentum into the market.

Jakub Novak,
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
Crypto-currencies
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 +02:00
2170
Forecast
USD/JPY: Simple Trading Tips for Beginner Traders – June 20th (U.S. Session) Trade Review and Tips for Trading the Japanese Yen Due to low volatility, the levels I indicated were not tested in the first half of the day. Given the data
Jakub Novak
15:49 2025-06-20 +02:00
2440
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 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

Top analytics

Relevance up to 06:00 UTC--5
EUR/USD: Simple Trading Tips for Beginner Traders – June 20th(U.S. Session)
15:36 2025-06-20
Forecast
Relevance up to 06:00 UTC--5
USD/JPY: Simple Trading Tips for Beginner Traders – June 20th (U.S. Session)
15:49 2025-06-20
Forecast
Relevance up to 06:00 UTC--5
GBP/USD: Simple Trading Tips for Beginner Traders – June 20th (U.S. Session)
15:39 2025-06-20
Forecast
Relevance up to 06:00 UTC--5
GBP/USD: Trading Plan for the U.S. Session on June 20TH (Review of Morning Trades)
15:31 2025-06-20
Trading plan
Relevance up to 04:00 UTC--5
Uptrend in US stock market about to crack. Will market maintain bullish momentum until end of summer?
17:09 2025-06-20
Stock Markets
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.