empty
17.01.2025 09:31 AM
Trading Recommendations for the Cryptocurrency Market on January 17

Today, Bitcoin crossed the $102,000 mark, maintaining its upward momentum. Ethereum experienced less aggressive growth, failing to reach the previous day's high. However, it's worth noting that Ethereum outperformed Bitcoin earlier, gaining a couple of percentage points more. Overall, the market sentiment remains positive.

This image is no longer relevant

Altcoins like SOL and XRP also demonstrated strong growth, driven by speculation that they might be among the first altcoins included in the U.S. Strategic Crypto Reserve, should the Trump administration proceed with its multi-crypto reserve initiative. If implemented, this could signify a turning point in governmental recognition of digital assets. Such a move would not only bolster SOL and XRP but also pave the way for other altcoins to showcase their stability and liquidity.

Experts predict that increasing public and institutional interest in cryptocurrencies may catalyze the development of a more structured and regulated market, fostering trust among investors and users, which, in turn, could lead to further price growth. If the Trump administration's initiatives succeed, SOL and XRP could emerge as leaders among altcoins, driving competition and accelerating innovation in the crypto industry.

As for the intraday strategy on the cryptocurrency market, I plan to capitalize on any significant dips in Bitcoin and Ethereum, betting on the continuation of the bull market in the medium term, which has remained intact.

As for short-term trading, the strategy and conditions are described below.

This image is no longer relevant

Bitcoin

Buy Scenarios

Scenario 1: Buy Bitcoin at $101,400, targeting a rise to $102,700. Exit purchases and sell on a rebound near $102,700. Ensure the 50-day moving average is below the current price and the Awesome Oscillator is in the positive zone before buying on a breakout.

Scenario 2: Buy Bitcoin from the lower boundary at $100,400 if there is no market reaction to its breakout, targeting $101,400 and $102,700.

Sell Scenarios

Scenario 1: Sell Bitcoin at $100,400, targeting a drop to $99,200. Exit sales and buy on a rebound near $99,200. Ensure the 50-day moving average is above the current price and that the Awesome Oscillator is in the negative zone before selling on a breakout.

Scenario 2: Sell Bitcoin from the upper boundary at $101,400 if there is no market reaction to its breakout, targeting $100,400 and $99,200.

Ethereum

This image is no longer relevant

Buy Scenarios

Scenario 1: Buy Ethereum at $3,377, targeting a rise to $3,432. Exit purchases and sell on a rebound near $3,432. Ensure the 50-day moving average is below the current price and the Awesome Oscillator is in the positive zone before buying on a breakout.

Scenario 2: Buy Ethereum from the lower boundary at $3,333 if there is no market reaction to its breakout, targeting $3,377 and $3,432.

Sell Scenarios

Scenario 1: Sell Ethereum at $3,333, targeting a drop to $3,276. Exit sales and buy on a rebound near $3,276. Ensure the 50-day moving average is above the current price and that the Awesome Oscillator is in the negative zone before selling on a breakout.

Scenario 2: Sell Ethereum from the upper boundary at $3,377 if there is no market reaction to its breakout, targeting $3,333 and $3,276.

Miroslaw Bawulski,
Analytical expert of InstaForex
© 2007-2025
Bitcoin
Summary
Strong buy
Urgency
1 day
Analytic
Maxim Magdalinin
Start trade
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

Bitcoin and Ethereum Regain Strength

Bitcoin and Ethereum are showing strong performance. After holding the $100,000 level, large buyers returned to their usual activity and have already pushed BTC back to the $105,000 area. Ethereum

Jakub Novak 10:52 2025-06-24 UTC+2

Trading Recommendations for the Cryptocurrency Market on June 24

Bitcoin and Ethereum surged sharply after news emerged that Iran and Israel might halt their exchanges of strikes. U.S. President Donald Trump announced yesterday that Iran and Israel had agreed

Miroslaw Bawulski 10:04 2025-06-24 UTC+2

Trading Recommendations for the Cryptocurrency Market on June 23

Bitcoin and Ethereum plummeted following speculation that Iran might block the Strait of Hormuz and begin bombing U.S. oil tankers in retaliation for American strikes. This triggered a massive sell-off

Miroslaw Bawulski 09:07 2025-06-23 UTC+2

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
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.