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
Headquarters
Key documents
Social Responsibility
08.06.2023 11:26 AM
SEC policy cheered up the crypto market: what should we expect from Bitcoin?
Open trading account Open demo account

The beginning of the new week marked a new stage of confrontation between cryptocurrencies and the Securities and Exchange Commission (SEC). The SEC filed lawsuits against two major cryptocurrency exchanges and declared several major crypto projects as securities. The SEC's policy significantly revived crypto investors who had been largely passive until then.

This image is no longer relevant

Trading volumes, the number of unique addresses, and constant movement of coins between wallets and platforms have led to more active price movements in cryptocurrencies. Taking this into account, it can be expected that Bitcoin will break out of the current range in the near future.

Bitcoin's Prospects

After a month-long pause and consolidation period during which over 50,000 BTC was accumulated, the trading activity of the cryptocurrency is gradually increasing. The main catalyst for this process has been the legal actions taken against crypto exchanges by the SEC, but in addition to that, almost all categories of holders have been accumulating BTC.

This image is no longer relevant

Over the past six months, Bitcoin's trading activity has significantly decreased, and investment flows into crypto assets have fallen by 97%. In this situation, important macroeconomic events become the main catalysts for price movements in BTC. In the near future, we can expect several key events capable of fueling the flame engulfing the crypto market.

This image is no longer relevant

Next week, two important events for the global economy and the crypto industry are expected. Inflation data, and the Federal Reserve's decision on pausing/further rate hikes, will play a significant role in Bitcoin's prospects. However, as usual, investors will start reacting to the news before its release.

BTC/USD Analysis

Considering investors' caution, the first strong price movements can be expected before June 14. If we highlight the bullish targets within the potential upward movement, the immediate resistance area of $26.8k–$27k stands out. A successful breakthrough of this range would pave the way for BTC towards the second key level of $27.5k.

This image is no longer relevant

Breaking the $27.5k level would allow the cryptocurrency to enter operational space and approach the final resistance point of $28k–$28.5k. A definitive breakthrough and consolidation above this level would enable the asset to regain momentum towards $30k.

This image is no longer relevant

The main target for the bears remains unchanged: a downward break and consolidation below the $24.6k–$25k level. This would ultimately break the structure of the upward trend and open the path to $23k. An intermediate target on the way to realizing this idea is the $26k level, which plays the role of local support.

This image is no longer relevant

Subsequently, the bears will have to face a strong buy order block in the $25.5k–$26k range. Trading through this zone may take some time as the level of bullish sentiment does not drop below certain thresholds. At the same time, the bears still have the news background on their side, forcing investors to sell BTC.

Technical Analysis of BTC/USD

After the successful formation of the "bullish engulfing" pattern, buyers failed to sustain their success. The price started to decline again, and although volumes significantly dropped, bearish pressure has led to BTC trading near $26.4k. Trading volumes have also decreased to $17 billion, indicating a gradual fading of momentum.

This image is no longer relevant

Technical metrics on the daily chart vividly demonstrate a high level of market volatility. In the past three days, the stochastic oscillator has formed three bearish and two bullish crossovers. Additionally, the MACD also shows uncertainty, indicating a relative balance between bulls and bears.

Conclusion

The regulatory policy of the SEC has significantly revived the crypto market and shown potential price movement prospects in the short term. It is likely that volatility will continue to increase, and we will see the initial reactions of investors at the beginning of the next trading week. At this stage, the price has roughly equal chances of continuing the downward movement or reversing to the upside.

Artem Petrenko,
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
Fundamental analysis
XAU/USD. Analysis and Forecast Gold is declining below the $3300 level today. U.S. PCE data met expectations. A shift in trade flows is helping the U.S. dollar regain positive momentum. This is also undermining
Irina Yanina
17:37 2025-05-30 +02:00
3130
Wave analysis
GBP/USD Analysis on May 30, 2025 The wave structure for GBP/USD continues to indicate the development of an upward impulsive wave pattern. The wave pattern is almost identical to that of EUR/USD. Until February
Chin Zhao
17:31 2025-05-30 +02:00
2500
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

Crypto investors still overwhelmed by optimism

Despite the ongoing correction, investor sentiment toward buying crypto assets remains positive, as indicated by the so-called Fear & Greed Index, which, as we noted earlier, is still
Jurij Tolin 16:24 2025-05-30 UTC+2

Do you know the most profitable company in the crypto industry?

While Bitcoin and Ethereum saw a fairly solid correction toward the end of the week, the most profitable company in the crypto industry — Tether — may have been quietly
Jakub Novak 16:16 2025-05-30 UTC+2

Trading Recommendations for the Cryptocurrency Market on May 30

Bitcoin and Ethereum continued their corrections, falling significantly throughout yesterday. The decline extended into today's Asian session, with Bitcoin updating its price to $104,500 and Ethereum testing $2,560. Thus
Miroslaw Bawulski 09:29 2025-05-30 UTC+2

Trading tips on crypto market for May 29 (North American session)

Bitcoin has shown a fairly solid rebound, climbing back above the $108,000 mark and breaking through $109,000. The chart below highlights a morning breakout through the $108,100 level. Statistics confirm
Miroslaw Bawulski 15:46 2025-05-29 UTC+2

Bitcoin recovers to $109,000

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
Jakub Novak 15:04 2025-05-29 UTC+2

Bitcoin demand shows no signs of fading

Bitcoin demand has shown resilience once again. After a brief dip below the $107,000 mark, the decline was swiftly bought up, demonstrating that buyers remain active and confident
Jakub Novak 13:38 2025-05-29 UTC+2

Trading Recommendations for the Cryptocurrency Market on May 29

Bitcoin is starting a correction, and Ethereum is showing signs of strength. Yesterday, Bitcoin dipped to around $107,000 before rebounding sharply — a sign that many traders are cautious about
Miroslaw Bawulski 08:56 2025-05-29 UTC+2

Bitcoin Emerges from Wall Street's Shadow: Why the Coming Months Could Be Pivotal for the Crypto Market

The announcement that Cantor Fitzgerald, one of the largest U.S. primary dealers, is launching Bitcoin-backed lending has reshaped the crypto market. Managing $2 billion in capital for this venture
Ekaterina Kiseleva 00:31 2025-05-29 UTC+2

Trading Recommendations for the Cryptocurrency Market on May 28

Bitcoin failed to hold above the $110,000 level, while Ethereum again showed decent growth, fueled by news of a possible significant increase in the gas limit per block
Miroslaw Bawulski 10:04 2025-05-28 UTC+2

Bitcoin Remains Within a Range Conducive to Growth

Yesterday, Bitcoin and Ethereum continued to attract demand from traders and investors, maintaining strong prospects for the continuation of the bullish market. Meanwhile, the International Monetary Fund (IMF) stated that
Jakub Novak 09:36 2025-05-28 UTC+2

Top analytics

Relevance up to 11:00 2025-06-13 UTC--4
Trading Signals for GOLD for May 30, 2025: buy above $3,281 (200 EMA - 6/8 Murray)
17:35 2025-05-30
Technical analysis
Relevance up to 04:00 UTC--4
Legal Disputes Between Trump and Companies Over Tariffs Will Negatively Impact Markets (There Is a Likelihood of Continued Decline in Bitcoin and Litecoin Prices)
11:11 2025-05-30
Fundamental analysis
Relevance up to 11:00 2025-06-13 UTC--4
Trading Signals for EUR/USD for May 30, 2025: sell below 1.1350 (21 SMA - 5/8 Murray)
17:33 2025-05-30
Technical analysis
Relevance up to 02:00 2025-06-02 UTC--4
Markets Demand an Appeal
10:33 2025-05-30
Fundamental analysis
Relevance up to 10:00 2025-06-03 UTC--4
The Dollar Puts on a Brave Face Amid Adversity
00:50 2025-05-30
Fundamental 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.