Buyers have begun showing signs of life. They managed to latch onto the support level created by the previously established low, although initially, this low was updated; however, no consolidation occurred. We are now observing a cautious rise in the Bitcoin price. While there is no certainty in the buyers’ actions, the price is ready to crash at any moment, but this is unlikely to happen in the near future.
The growth could very well be impulsive and reach the value of 97,000. Purchases therefore appear attractive. It is recommended to consider the possibility of entering buy trades with the stated objective.
Investment idea: BUY 83200, SL 79000, TP 97000.
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.
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Bob Stan
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