BTCUSD: BUY 99000, SL 98500, TP 102000 | 09 May 2025

09 May 2025, BTCUSD

BTCUSD: BUY 99000, SL 98500, TP 102000

The earlier assumption about the start of a corrective decline turned out to be incorrect. Bitcoin continued its upward movement, although everything initially looked like a completed upward impulse followed by a decline that fit well into the beginning of a correction. The current growth is possibly due to the ongoing formation of the fifth wave within wave [i]. If so, we should soon see further growth, potentially bringing Bitcoin’s price to 100,000 or higher. Afterward, a corrective decline is expected, forming a zigzag structure, which will be the wave [ii] that had been anticipated earlier. Thus, there remains a modest upside potential, and buying can still be considered. Investment idea: BUY 99000, SL 98500, TP 102000.


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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