BTCUSD: BUY 83500, SL 79800, TP 95000 | 18 March 2025
18 March 2025, BTCUSD
Bitcoin is still struggling to recover from the aftermath of the prior selloff. Every attempt to rectify the situation provokes a sharp reaction from sellers, who promptly engage and exert heavy pressure on the price. As a result, trading continues near the local minimum.
However, the situation suggests that the correction, which took the form of a double zigzag, has essentially concluded. Consequently, the logical next step is the resumption of the upward movement. An impulsive rise is anticipated, which could reach the historical maximum.
Thus, entering buy trades remains a highly promising decision.
Investment idea: BUY 83500, SL 79800, 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.
