BTC. Sell 95000, SL: 98000, TP: 89000. | 17 February 2025
17 February 2025, BTC
Bitcoin's volatility remains very low. Price fluctuations are reduced, which is a sure sign of an imminent surge in one direction or another. The wave situation suggests that the movement is likely to be downward. This is due to the ongoing development of the correction, which locally takes the form of a double zigzag and lacks the final Wave [y] of a.
More globally, the correction is likely to take the form of a simple zigzag, so after the decline, expecting a prolonged impulsive price movement is hardly worthwhile. Growth will be formed within the development of Wave b, and it is highly probable that it will not update the current high.
In the current situation, it is worth considering the option of selling below the value of 95,000.
Investment idea: Sell 95000, SL: 98000, TP: 89000.
The author's opinion reflects their personal view and is not an investment recommendation. The company is not responsible for any trading results based on the provided analytical data.
