BTCUSD Technical Analysis | BTCUSD Trading: 2025-06-02 | IFCM Canada
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BTCUSD Technical Analysis - BTCUSD Trading: 2025-06-02

BTCUSD Technical Analysis Summary

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Strong SellSellNeutralBuyStrong Buy

Above 105.752

Buy Stop

Below 103.628

Stop Loss

Ara Zohrabian
Ara Zohrabian
Senior Analytical Expert
Articles2731
IndicatorSignal
RSI Neutral
MACD Buy
Donchian Channel Buy
MA(200) Buy
Fractals Buy
Parabolic SAR Buy

BTCUSD Chart Analysis

BTCUSD Chart Analysis

BTCUSD Technical Analysis

The BTCUSD technical analysis of the price chart on 4-hour timeframe shows BTCUSD,H4 is retracing up after testing the 200-period moving average MA(200) as it rebounds following a retreat from all-time high ten days ago. We believe the bullish momentum will continue after the price breaches above the upper bound of Donchian channel at 105752. A level above this can be used as an entry point for placing a pending order to buy. The stop loss can be placed below 103.628. After placing the order, the stop loss is to be moved to the next fractal low indicator, following Parabolic signals. Thus, we are changing the expected profit/loss ratio to the breakeven point. If the price meets the stop loss level without reaching the order, we recommend cancelling the order: the market has undergone internal changes which were not taken into account.

Fundamental Analysis of Crypto - BTCUSD

Bitcoin global computational power reached a historic milestone. Will the BTCUSD price rebound continue?

Bitcoin network’s computational power has reached a record high of 943 exahash per second(EH/s). One EH/s equates to one quintillion (1,000,000,000,000,000) hashes, or cryptographic calculations, completed per second. This milestone was achieved on May 31, just 22 days after the previous high of 929 EH/s. A hash rate increase is often associated with the expectation of BTC price appreciation. For instance, 70% gains in 2021 coincided with multiple investments and large orders for mining equipment. It was in this period that Argo Blockchain bought a 320-acre land plot in Texas to expand operations, Bitfury’s US mining subsidiary went public, and the BTC.com mining pool was acquired by a Chinese lottery service. Analysts note, however, that the long-term correlation is not perfect and other factors affect BTC price dynamics such as advances in mining hardware, regulation, seasonality, and variations in energy prices.

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Note:
This overview has an informative and tutorial character and is published for free. All the data, included in the overview, are received from public sources, recognized as more or less reliable. Moreover, there is no guarantee that the indicated information is full and precise. Overviews are not updated. The whole information in each overview, including opinion, indicators, charts and anything else, is provided only for familiarization purposes and is not financial advice or а recommendation. The whole text and its any part, as well as the charts cannot be considered as an offer to make a deal with any asset. IFC Markets and its employees under any circumstances are not liable for any action taken by someone else during or after reading the overview.

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