BTC/USD: SELL: 93310, SL: 95500, TP: 89000 | 20 February 2025
20 February 2025, BTCUSD
Regarding the asset under consideration, it appears that the correction continued, taking the form of a converging horizontal triangle. During the past day, the price managed to grow slightly and reach the upper boundary of the specified model, completing the entire corrective structure that is part of Wave [x].
Soon, the Bitcoin price may start declining again. This is due to the development of the second part, or Wave [y], in the forming double zigzag. The signal for entering sell trades remains the breach of the nearest local low, passing through the value of 93310.
Investment idea: SELL: 93310, STOP LOSS: 95500, TAKE PROFIT: 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.
