BTCUSD: BUY 87250, SL 85800, TP 97000 | 28 March 2025
28 March 2025, BTCUSD
Bitcoin continues its desperate struggle against seller pressure. However, it is managing to grow bit by bit. Each step is hard-won, as an instantaneous reaction forces the price to retract or standstill for a while.
It is thought that over time, buyers will be able to break the resistance of their opponents and start growing with greater ease. This could be facilitated by the previously formed initial diagonal triangle, which serves as the first wave in the emerging upward impulse.
Right now, the third wave's extension is likely being formed. If this is indeed the case, we may soon witness a prolonged impulsive upward movement.
Entering buy trades in this situation appears highly promising, so it is recommended to pay attention to this opportunity.
Investment idea: BUY 87250, SL 85800, TP 97000.
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.
