Forex Analysis & Reviews: 10.02.2025 - BTC/USD Analysis

InstaForex - Official partner of Dragon Racing

This section features the most important information about trading with InstaForex. We provide both analysis from leading experts for experienced traders and articles on trading conditions for beginners. Our services will help increase your profit potential.

Become Trader

Account Opening

See also

Trading Conditions

Forex Analytics

Charts

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

OYS account

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

InstaForex - Official partner of Dragon Racing

10.02.2025 08:40 AM

BTC/USD Analysis – February 10th

The wave structure on the 4-hour chart appears clear. Following a prolonged and complex corrective structure (a-b-c-d-e) that lasted from March 14 to August 5, a new impulse wave began forming. This impulse wave has already developed into a five-wave pattern. Based on the size of the first wave, the fifth wave may end up being shortened. Thus, I do not expect Bitcoin to rise above $110,000–$115,000 in the coming months.

Additionally, wave 4 has taken a three-wave form, which supports the accuracy of the current wave count. The news cycle has been supporting Bitcoin's growth due to continued institutional investments, interest from governments, and pension funds. However, Donald Trump's policies could push investors out of the market, and no trend lasts indefinitely. The current structure of wave 2 in wave 5 raises doubts about whether it is truly wave 2 in 5. I am inclined to believe that the bullish trend is nearing completion.

Bitcoin Stuck in a Limited Range

Over the weekend, BTC/USD remained stagnant. This time, Donald Trump was inactive, taking a break from policy decisions, so Monday did not start with another market shock. Price movement amplitude in recent days has been low, which many traders may find frustrating. I see no strong catalyst for renewed Bitcoin demand. The trend that started on January 20 appears corrective, which also rules out the likelihood of a sharp decline. After a six-month bullish rally, the market might be taking a break for a few months.

On Friday, key U.S. labor market and unemployment data were released, but their impact on Bitcoin market sentiment was minimal.

The crypto community continues to receive various news updates, but most of these are speculative opinions rather than solid fundamentals. Some analysts predict that Bitcoin could become a political tool under Donald Trump and expect it to drop to $70,000. Others believe Bitcoin will rise indefinitely, with a short-term target of $250,000.

Since December 17, Bitcoin has been moving sideways. In the near future, prices may decline to $90,000, forming a five-wave corrective structure (a-b-c-d-e). Only a successful breakout below $89,000 would signal that the market is ready to establish a new bearish trend.

General Conclusions

BTC/USD uptrend is nearing completion. This may not be a popular opinion, but wave 5 could be shortened. If this assumption is correct, we could see a sharp drop or a complex correction. I do not recommend buying Bitcoin at this stage. In the near future, Bitcoin could fall below wave 4's low, confirming the transition to a bearish trend.

On a higher wave scale, Bitcoin has formed a five-wave bullish structure. A corrective bearish wave or a new bearish trend could begin soon.

Key Principles of My Analysis:

Wave structures should be simple and clear. Complex patterns are difficult to trade and frequently change.
If you are uncertain about the market, it is better to stay out.
Absolute certainty in price direction does not exist. Always use Stop Loss orders.
Wave analysis should be combined with other analysis methods and trading strategies.

You have already liked this post today

*Disclaimer: The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.