BTCUSD: BUY 86700, SL 84000, TP 95000 | 17 April 2025

Sellers still can’t accept that Bitcoin is poised for significant growth and are trying their best to stop or at least delay it. So far, they are managing quite well. Moreover, in the near future, the price may once again drop sharply due to the buyers’ failed attempt to break above the previously established local high. However, even in this scenario, the decline would likely be merely corrective in nature, and the price will continue to drift within a certain range for a prolonged period. Bitcoin urgently needs to make a breakout—without it, it will remain stuck in this emerging consolidation zone. This would result in numerous manipulative spikes both up and down, with the true breakout coming at the most unexpected moment. In this situation, one could consider gradually entering long positions as the price drops or wait for an upward breakout and enter buying trades once the local high is broken. The second option appears to be safer, so we’ll take it as the base scenario. Investment idea: BUY 86700, SL 84000, TP 95000.