empty
28.02.2025 09:28 AM
Bitcoin and Ethereum approaching critical lows

The crypto market is still unable to overcome the bearish sentiment. Today, Bitcoin and Ethereum have reached critical levels, the breach and consolidation below which could "bury" all hopes for a market recovery this year and the renewal of all-time highs.

This image is no longer relevant

Yesterday, BlackRock's spot Bitcoin ETF, IBIT, recorded a record net outflow of $418.1 million, as the cryptocurrency nosedive entered its fourth consecutive day amid mounting pressure from President Trump's tariff plans. Despite losing $741.1 million this week, IBIT remains the largest spot Bitcoin ETF in the US, with over $40.2 billion in total net inflows and $51.6 billion in assets under management. IBIT also holds a dominant 72% share of the US spot Bitcoin ETF market, accounting for $4.1 billion of Wednesday's total trading volume of $5.7 billion.

US spot Ethereum ETFs also reported net outflows totaling $94.3 million, primarily due to BlackRock's ETHA product, which saw withdrawals of $69.8 million. The total outflows over the past five days have reached $244.4 million.

Experts attribute the capital outflows from Bitcoin and Ethereum ETFs to several factors, including profit-taking by investors after the recent crypto rally and concerns over the future growth prospects of the digital asset market. Uncertainty surrounding the Trump administration's tax policies is also weighing on the market, as investors fear that new tariffs could negatively impact global economic growth and, in turn, demand for risk assets like cryptocurrencies.

Despite the recent outflows, Bitcoin's long-term outlook remains optimistic. Many analysts still believe that cryptocurrency has strong growth potential and that spot ETFs will eventually attract significant capital inflows.

At the same time, interest in other cryptocurrencies such as Ethereum and Solana is growing, as reflected in Bitwise and DTCC's plans to launch new ETFs. This could further diversify the crypto market and increase access to digital assets for both retail and institutional investors.

This image is no longer relevant

Technical analysis of Bitcoin

Currently, Bitcoin buyers are targeting a return to the $80,600 level, which would open a direct path to $82,300, bringing the price within reach of $83,900. The ultimate target would be the $85,600 high, surpassing which would signal a return to the medium-term bullish market. In case of a Bitcoin decline, buyers are expected around $78,700. A drop below this level could quickly push BTC down to $76,900, with the furthest downside target at $75,000.

This image is no longer relevant

Technical analysis of Ethereum

A clear consolidation above $2,153 would pave the way for Ethereum to reach $2,210, with the ultimate target at the one-year high of $2,263, breaking which would confirm a return to the medium-term bullish market. If Ethereum declines, buyers are expected around $2,081. A break below this level could send ETH down to $2,024, with the lowest target at $1,977.

Jakub Novak,
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. 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

Samir Klishi 20:04 2025-05-23 UTC+2

TRUMP official: crypto community, protests, and politics

On the evening of May 22, 2025, a unique event took place at the Trump National Golf Club in Virginia — a dinner hosted by Donald Trump with the largest

Jurij Tolin 16:49 2025-05-23 UTC+2

Technical Analysis of Intraday Price Movement of Doge Cryptocurrency, Friday May 23, 2025.

It appears that the price movement of the Doge Cryptocurrency on the 4-hour chart is moving above the WMA (21) which has a slope that is going upwards

Arief Makmur 09:04 2025-05-23 UTC+2

Technical Analysis of Intraday Price Movement of Ripple Cryptocurrency, Friday May 23, 2025.

If we look at the 4-hour chart of the Ripple cryptocurrency, it appears to be moving above the WMA (21) which has a steep slope and has successfully broken

Arief Makmur 09:04 2025-05-23 UTC+2

Bitcoin Forecast for May 23, 2025

On Thursday, Bitcoin's price reached the target level of 111,770. The Marlin oscillator appears to be lagging behind the price, giving the impression of a potential divergence — though unconventional

Laurie Bailey 04:45 2025-05-23 UTC+2

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
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.