BTCUSD: BUY 81500, SL 79300, TP 86300 | 11 March 2025
11 March 2025, BTCUSD
Cryptocurrencies are facing serious challenges despite a relatively positive news environment. The Bitcoin price, instead of the expected growth, began to decline sharply, intending to break through the previously established minimum of the current year.
It is unlikely that this significant level will be passed so easily. A response from buyers is expected, which may not only halt the fall but also push the price higher, if not provide an impulsive boost.
Watching for such a reaction in the near future is essential. Consequently, cautious buying should be attempted again. It is quite possible to obtain at least a decent bounce, or at most, a resumption of impulsive growth driven by the development of Wave (iii).
Investment idea: BUY 81500, SL 79300, TP 86300.
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.
