BTCUSD: FLAT | 16 July 2025
16 July 2025, BTCUSD
Bitcoin continued to rise confidently, setting another historical high. The growth of the asset will probably pause for some time. This is due to the possible completion of the development of the third impulsive wave, which formed within another wave [iii] of a higher time level.
In the near future, the price will move within a narrow price range, forming something similar to a zigzag. Then the price will resume its upward movement, leading to the establishment of another historical high.
While the price is taking a short break, it is recommended to stay out of the market and monitor the development of the situation from the side without taking any active actions.
Investment idea: FLAT.
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.
