BTCUSD: BUY 123600, SL 121400, TP 130000 | 16 August 2025
16 August 2025, BTCUSD
Bitcoin managed to find the strength for a decisive breakout and rose sharply, updating its historical high once again. However, this is unlikely to be the end of the upward movement. The current situation fits quite well into a strong bullish trend, where the formation of wave [iii], part of wave 3 at a higher time frame, is just beginning.
Thus, previously opened buy trades should be kept open, at least until aggressive selling begins and the price starts to noticeably decline.
It is also recommended to consider the possibility of entering buy trades at current market levels.
Investment idea: BUY 123600, SL 121400, TP 130000.
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.
