empty
20.03.2025 09:22 AM
Trading Recommendations for the Cryptocurrency Market on March 20

Bitcoin and Ethereum have experienced a rebound following yesterday's Federal Reserve meeting, which indicated that interest rates may need to be lowered. Regardless of how long the Fed intends to maintain a tight monetary policy, slowing economic growth will eventually compel the committee to take action. This expectation has driven the cryptocurrency market upward.

This image is no longer relevant

After hitting a low of around $83,500, Bitcoin is now trading at $86,000, while Ethereum, having dipped to $2,000, managed to hold above that level and quickly recovered to around $2,032, where it is currently trading.

A notable survey was released yesterday, revealing that 83% of institutional investors plan to increase their cryptocurrency investments in 2025.

This indicates the growing maturity and acceptance of digital assets as an integral part of the global financial system. This trend also suggests potential increases in volatility, liquidity, and the emergence of regulated investment instruments, making cryptocurrencies more appealing to major players.

Institutional interest in cryptocurrencies is further fueled by the search for alternative income sources amid declining interest rates and uncertainty in traditional markets. This influx of institutional capital is expected to continue supporting the cryptocurrency market, driving its growth.

As for the intraday trading strategy, I will focus on major pullbacks in Bitcoin and Ethereum, anticipating continuing the bullish trend in the medium term.

For short-term trading, the strategy and conditions are outlined below.

This image is no longer relevant

Bitcoin

Buy Scenario

Scenario No. 1: I plan to buy Bitcoin today at an entry point of around $86,200, targeting a rise to $88,300. Around $88,300, I will exit the purchases and sell on a pullback. Before buying on a breakout, ensuring that the 50-day moving average is below the current price and that the Awesome Oscillator is in positive territory is crucial.

Scenario No. 2: Bitcoin can also be bought from the lower boundary at $85,300 if there is no market reaction to a breakout in the opposite direction, with targets at $86,200 and $88,300.

Sell Scenario

Scenario No. 1: I plan to sell Bitcoin today at an entry point of around $85,200, aiming for a drop to $83,400. Around $83,400, I will exit the sales and buy on a pullback. Before selling on a breakout, ensuring that the 50-day moving average is above the current price and that the Awesome Oscillator is in negative territory is important.

Scenario No. 2: Bitcoin can also be sold from the upper boundary at $86,200 if there is no market reaction to a breakout in the opposite direction, with targets at $85,300 and $83,400.

This image is no longer relevant

Ethereum

Buy Scenario

Scenario No. 1: I plan to buy Ethereum today at an entry point of around $2,032, targeting a rise to $2,087. Around $2,087, I will exit the purchases and sell on a pullback. Before buying on a breakout, ensuring that the 50-day moving average is below the current price and that the Awesome Oscillator is in positive territory is essential.

Scenario No. 2: Ethereum can also be bought from the lower boundary at $2,000 if there is no market reaction to a breakout in the opposite direction, with targets at $2,032 and $2,087.

Sell Scenario

Scenario No. 1: I plan to sell Ethereum today at an entry point of around $2,001, aiming for a drop to $1,966. Around $1,966, I will exit the sales and buy on a pullback. Before selling on a breakout, ensuring that the 50-day moving average is above the current price and that the Awesome Oscillator is in negative territory is crucial.

Scenario No. 2: Ethereum can also be sold from the upper boundary at $2,032 if there is no market reaction to a breakout in the opposite direction, with targets at $2,001 and $1,986.

Miroslaw Bawulski,
Analytical expert of InstaForex
© 2007-2025
Bitcoin
Summary
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 aims to hit $120,000? What lies behind its rally and when to expect retracement

On May 22, Bitcoin confidently broke through the $111,888 level, setting a new all-time high of $111,867. Unlike previous rallies marked by retail investor euphoria, this time the market's behavior

Ekaterina Kiseleva 16:12 2025-05-22 UTC+2

Bitcoin extending confident rally

Bitcoin demand appears to be surging, judging by its recent performance. At the time of publication, the BTC/USD pair was trading near 111,200.00, slightly down from today's and the all-time

Jurij Tolin 16:02 2025-05-22 UTC+2

Bitcoin: $115,000 — Next Stop or Bull Trap?

Bitcoin is steadily approaching its all-time high and, according to several analysts, is poised to set a new record. Current levels near $105,000 are more than just numbers — they

Ekaterina Kiseleva 00:58 2025-05-21 UTC+2

BTC/USD Analysis on May 20, 2025

The wave pattern on the 4-hour chart for BTC/USD has been becoming more complex in recent months. We observed a corrective downward structure, which completed its formation around the 75,000

Chin Zhao 11:11 2025-05-20 UTC+2

Technical Analysis of Daily Price Movement of Ethereum Cryptocurrency, Friday May 16, 2025.

If we look at the 4-hour chart, the Ethereum cryptocurrency appears to be moving above the WMA (21) which is a dynamic support where the WMA has a slope that

Arief Makmur 06:09 2025-05-16 UTC+2

Technical Analysis of Intraday Price Movement of Uniswap Cryptocurrency, Friday May 16, 2025.

On the 4-hour chart, the Uniswap cryptocurrency appears to have a Descending Broadening Wedge pattern, so even though the Uniswap price movement is moving below the WMA (21) which

Arief Makmur 06:09 2025-05-16 UTC+2

Bitcoin spikes from $96 600 to $104 500 in 24 hours

Bitcoin has surged to $104,500, after trading at $96,600 just yesterday morning. This confident move above the $100,000 mark clearly signals a return of strong bullish momentum in the cryptocurrency

Jakub Novak 14:49 2025-05-09 UTC+2

Trading Recommendations for the Cryptocurrency Market on May 9

Bitcoin has climbed above $100,000, while Ethereum is trying to consolidate above $2,000. After yesterday's sharp rally, which continued during today's Asian session, Bitcoin is now trading at $103,000, having

Miroslaw Bawulski 09:46 2025-05-09 UTC+2

Technical Analysis of Intraday Price Movement Ethereum Cryptocurrency, Friday May 09, 2025.

If we look at the 4-hour chart of the Ethereum cryptocurrency, it appears that the price movement is moving above the WMA (30 Shift 2) which also has a slope

Arief Makmur 06:27 2025-05-09 UTC+2

Technical Analysis of Intraday Price Movement Bitcoin Cryptocurrency, Friday May 09, 2025.

On the 4-hour chart of the Bitcoin cryptocurrency, the Stochastic Oscillator indicator can be seen to be in Overbought conditions and is now preparing to Cross SELL and break below

Arief Makmur 06:27 2025-05-09 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.