BTCUSD: BUY 88,500, SL 87,400, TP 91,500 | 27 Febrero 2025
27 Febrero 2025, BTCUSD
Bitcoin has "spilled," and this was expected. The flagship cryptocurrency has recently been experiencing difficulties with further strengthening. Twice failing to overcome the level of 108,200, the price decided to retreat slightly to the nearest support level. And this decline looks like a correction.
At the moment, its structure is considered as a double zigzag, in which the first part and the connecting wave [x] have already been formed, and now the development of Wave [y] is underway, which itself will take the form of a simple zigzag.
In the near future, a reaction from buyers may result in a short-term rise, after which a resumption of the downtrend is expected.
In this context, it is worth considering the possibility of buying at current market prices with a modest target.
Investment idea: BUY 88,500, SL 87,400, TP 91,500.
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.
