BTCUSD: BUY 83500, SL 82000, TP 95000 | 01 April 2025
01 April 2025, BTCUSD
The Bitcoin price continues to seesaw dramatically. The range of these movements is expanding, but this does little to bolster buyer morale. Confident growth is instantly replaced by powerful declines, although it should be noted that each rise leads to an update of the previous high, whereas declines fail to update the previous low, which is indicative of an upward trend.
The wave scenario remains unchanged. Previously, an initial diagonal triangle formed, acting as Wave [i], followed by the development of a correction that took the form of a flat, accounting for its temporal extent. This corrective model now appears complete, meaning we may soon witness the beginning of an impulsive rise driven by the development of Wave [iii].
Thus, the recommendation to buy at current market values stands.
Investment idea: BUY 83500, SL 82000, 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.
