14 April 2025, BTCUSD
Bitcoin’s price continues to experience extreme volatility. Each attempt to rise triggers aggressive selling, eventually pushing the price back down to update previously set local lows. This time, buyers are holding their ground for now, though about half of the gains from the previous rally have already been lost. Most likely, the cryptocurrency will not be allowed to drop much further. The current rise and the subsequent pullback seem to be forming waves 1 and 2. It’s expected that in the near future, the price will resume its upward movement and this time push much higher, leaving sellers with no real chance to resist. For this reason, the current position of the asset is considered a favorable entry point for long trades. Investment idea: BUY 80300, SL 78000, TP 95000.