BTCUSD: BUY 90300, SL 87300, TP 105000 | 07 March 2025
07 March 2025, BTCUSD
The price continues to swing wildly from side to side. Although the amplitude is gradually diminishing, the movements remain excessively erratic. Once again, we are seeing Bitcoin's price attempting to recover. It is quite possible that this could turn into a full-fledged upward impulse, especially since the previously established low was not breached.
Moreover, on March 7th, the first crypto summit is scheduled, where, alongside the President of the United States, many prominent figures in the crypto industry will speak. Some very interesting ideas could be presented there, prompting an unpredictable reaction from the price. One must be prepared for both negative and positive outcomes, although the latter is less likely.
Most likely, the price will rise and strive to reach the previously established all-time high, so cautious buying is advised.
Investment idea: BUY 90300, SL 87300, TP 105000.
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.
