BTCUSD: BUY 85600, SL 83800, TP 95000 | 24 March 2025
24 March 2025, BTCUSD
The Bitcoin price, as always, is true to its style. Confident movement in any direction does not guarantee stability, as events can drastically influence the course at any moment. During the past trading day, we saw a desire to grow. The price began to rise and updated the local high. Immediately, sellers stepped in, actively resisting and dampening the nascent enthusiasm.
As a result, the price lost half of the distance it had previously covered. Now, looking at the movement from March 11, 2025, we can see the formation of an initial diagonal triangle. This model represents the first wave in an emerging upward impulsive movement.
If this is indeed the case, we may soon see a continuation of the corrective decline, after which the price will sharply surge upwards as part of the development of the third impulsive wave.
Investment idea: BUY 85600, SL 83800, 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.
