Bitcoin made another attempt to move toward its previously lost price levels. Moderate growth was achieved, and the cryptocurrency is now undergoing a test of resilience as it faces pressure from sellers. If Bitcoin manages to withstand this pressure, it will serve as a strong buy signal in the medium term.
Based on the wave picture, there are no changes to the presumed scenario yet. The observed growth is assumed to be part of the development of Wave [iii] in the emerging upward impulse. The potential for further appreciation of Bitcoin looks promising, as Wave [i] previously formed as an initial diagonal triangle, which is a good signal for buying.
Investment idea: BUY 85000, SL 83000, TP 95000.
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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