BTCUSD: BUY 81650, SL 78970, TP 95000 | 17 March 2025
17 March 2025, BTCUSD
The Bitcoin price continues to behave in its characteristic manner, making irrational swings in both directions. Currently, another downward movement is underway, although the situation seemed ripe for substantial growth. This may be due to an irresistible urge for a quick corrective retracement, serving as a reaction to the previously formed small upward wave.
In this scenario, buyers need to start responding to the situation and begin actively pushing the price upwards. This could trigger an impulsive surge, leading to the development of the subsequent third wave of the presumed impulse.
And naturally, buying in this situation would be justified. There is a clear entry point and a suitable level for placing a protective Stop Loss.
Investment idea: BUY 81650, SL 78970, TP 95000.
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.
