empty
23.05.2025 08:04 PM
Bitcoin. May 23rd. Smart Money System Analysis

Bitcoin continues to form a bullish trend structure. One could argue whether there are real reasons for a new bullish trend at the moment, but the chart suggests only that—unambiguously. Since an upward wave is currently forming, traders can only wait for prices to enter zones of interest to have the opportunity to go long. These zones are Imbalance 3 and 4.

This image is no longer relevant

A return to either imbalance zone will mean the market has rebalanced price, after which Bitcoin's growth may resume. For me, these zones represent buying opportunities—but reversal patterns and confirmation signals on lower timeframes must appear within them. Bitcoin has returned to the nearest imbalance zone with some difficulty and immediately triggered a reaction, which for now has led to another strong upward move. Thus, from current positions, Bitcoin's rise can likely continue. There are no clear upper targets, as Bitcoin has never traded this high before.

I still don't completely rule out the possibility of liquidity being swept from the last high—$110,000. However, at the moment, there are no signs of this happening—bulls continue to steadily push upward without facing resistance from the bears.

At present, those who entered from the last Imbalance 4 zone can remain in their long positions. I expected the entry into this imbalance to be deeper, but in the end, price merely "kissed" its upper boundary. Nevertheless, that still qualifies as a signal—not the strongest, but a valid one.

Fundamental Sentiment

The informational backdrop has been rather weak lately, and the crypto market has shown little interest in it. Bitcoin has been rising for over a month almost without pause, and at the start of this rally, there was no positive news at all. Only recently have reports begun to appear about trade negotiations and tariff reductions between China and the U.S.—something that could theoretically support the bulls.

Bitcoin's performance over the past month has been stronger than the preceding decline, which occurred alongside global market turmoil. Thus, I do not believe the recent rally is fundamentally news-driven—traders seem largely indifferent to the news.

U.S. Economic Calendar:

  • May 26 – No scheduled economic releases.

However, news flow has had no influence on Bitcoin's price action lately. Whatever the headlines, Bitcoin keeps rising, regardless.

BTC/USD Forecast and Trader Advice:

Bitcoin has entered a phase of bullish trend formation. Therefore, my focus is on buy zones, regardless of the news backdrop. Buying should only be considered from Imbalance 3 or 4. Let me remind you: trade from zones of interest, not random chart levels. If price does not visit these zones or fails to produce signals, trades should not be opened. Alternatively, traders should work with other strategies.

Every return to one of these zones may represent a potential continuation of the uptrend. Bitcoin currently has no upside targets—it is trading at all-time highs.

Samir Klishi,
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
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST

Recommended Stories

Bitcoin will test its Support.1 after successfully breaking through and closing below the Uptrendline intraday chart, Friday, July 4, 2024.

Bitcoin – Friday, July 4, 2025. With an inflow into the Bitcoin ETF around USD$ 50 billion, it shows strong interest from investors, thus strengthening the legitimacy of this cryptocurrency

Arief Makmur 07:58 2025-07-04 UTC+2

Ripple has the potential to correct and weaken down to the Support level of 2.1924, Friday, July 4, 2025.

Ripple – Friday, July 4, 2025 Friendly regulatory pressure and the case with the SEC that seems to be stopped and open interest in the derivatives market that has jumped

Arief Makmur 07:58 2025-07-04 UTC+2

Trading Recommendations for the Cryptocurrency Market on July 4

Bitcoin has encountered significant resistance around $110,000, and it is unlikely to break through this level easily in the near term. Ethereum is also facing difficulties moving above the $2,600

Miroslaw Bawulski 07:27 2025-07-04 UTC+2

Trading Recommendations for the Cryptocurrency Market on July 3

Bitcoin and Ether have resumed growth, reaching new weekly highs amid favorable macroeconomic conditions. Over the past 24 hours, Bitcoin has risen by 2.5%, trading above $109,000. Ethereum also advanced

Miroslaw Bawulski 08:47 2025-07-03 UTC+2

Trading Recommendations for the Cryptocurrency Market on July 2

Bitcoin continued its correction and during today's Asian trading session reached a new level of $105,000. Ethereum also dropped significantly but was quickly bought back, stabilizing around $2,425. Meanwhile

Miroslaw Bawulski 08:33 2025-07-02 UTC+2

Trading Recommendations for the Cryptocurrency Market on July 1

Bitcoin failed to hold the $108,000 level, slipping into a more acceptable zone around $107,000. Ethereum also showed weakness at the end of the month, retreating to $2,460 after failing

Miroslaw Bawulski 08:55 2025-07-01 UTC+2

Key events this week that may impact crypto market

Bitcoin has pulled back below the $108,000 level, while Ethereum briefly rose above $2,500 over the weekend before retreating again. Clearly, traders will be closely monitoring several upcoming macroeconomic data

Jakub Novak 14:53 2025-06-30 UTC+2

Trading Recommendations for the Cryptocurrency Market on June 30

Bitcoin and Ethereum continued to grow over the weekend, indicating steady demand even as the leading cryptocurrency approaches its historical highs. While everyone is anticipating that Bitcoin will soon break

Miroslaw Bawulski 09:30 2025-06-30 UTC+2

Trading tips for crypto market on June 27 (North American session)

Bitcoin made another attempt to return to the $108,000 level, but failed to hold it and corrected lower, falling below the $107,000 mark, a move that could lead

Miroslaw Bawulski 15:47 2025-06-27 UTC+2

Another Major Company Announces $1 Billion Raise to Buy Bitcoin

The cryptocurrency market is showing strong confidence. Given its correlation with the U.S. stock market—where historical highs are being updated—there is room to expect further growth in digital assets. However

Jakub Novak 10:50 2025-06-27 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.