BTCUSD: BUY 81100, SL 80000, TP 95000 | 11 April 2025

11 April 2025, BTCUSD

BTCUSD: BUY 81100, SL 80000, TP 95000

Bitcoin once again performed a deceptive move—its behavior clearly suggested further decline, but as soon as it updated the local low, it immediately started to rise sharply. As a result, the impulse in wave [c] appears to have completed, and the subsequent rapid growth may represent a new bullish phase of the market—or at least a strong corrective rally—with impulse structures forming within it. Given this, a move toward the previously targeted area around 95,000 can be considered. The near future will likely be spent confirming buyers' intentions to push the price toward this level. After such a sharp rise, a correction will begin, which buyers will need to withstand. That’s when it will make sense to start buying. Investment idea: BUY 81100, SL 80000, 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.
Bob Stan
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