BTCUSD: BUY 118900, SL 116500, TP 127000 | 22 July 2025
22 July 2025, BTCUSD
The situation with Bitcoin continues to develop according to the previously considered wave scenario. The price is currently in correction, forming the fourth wave in an upward impulse within wave [iii].
This means that the growth of the first cryptocurrency’s value is not yet complete. However, before resuming its upward movement, the price will likely dip lower to complete the formation of the corrective structure and only then proceed with the bullish scenario.
For this reason, there is no rush to open buy trades at current market values. In this situation, it is recommended to buy on a breakout of the 118900 level.
Investment idea: BUY 118900, SL 116500, TP 127000.
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.
