BTCUSD: BUY 80600, SL 78500, TP 95000 | 09 April 2025
09 April 2025, BTCUSD
The situation, which initially looked unfavorable for Bitcoin, has transformed over time. As predicted, the price did update the previously established local low. However, no strong or prolonged movement ensued. As soon as this event occurred, buyers intervened, effectively curbing sellers' appetite and recovering some of the losses incurred.
The situation has notably shifted in favor of buyers. It is possible that the corrective decline, which took the form of a double zigzag, is complete, and upward surges are now underway, which could lead to a strong impulsive rise over time.
Thus, entering buy trades in this situation presents a highly promising trading opportunity.
Investment idea: BUY 80600, SL 78500, 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.
