BTCUSD: BUY 78600, SL 76250, TP 84000 | 12 March 2025
12 March 2025, BTCUSD
The value of cryptocurrencies, led by Bitcoin, continues to face challenges. The price is falling again, and the minimum of the current year has already been updated. However, it should be noted that the break of the 78,105 level was not very convincing, and buyers are doing their utmost to cling to this extreme. It is quite possible that from here, the price will finally react and we will see at least a minor bounce.
From the perspective of the current wave scenario, the observed decline is likely forming within a correction represented by a double zigzag, where work is underway on its final part, Wave y of (ii).
It is quite possible that the specified correction will conclude shortly, and the price will rise significantly. For this reason, it is recommended to once again consider the possibility of buying.
Investment idea: BUY 78600, SL 76250, TP 84000.
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.
