24 Abril 2025, BTCUSD
After a long period and many attempts, buyers finally managed to push the price significantly higher. This could mark the beginning of the next impulsive phase in the market. The current wave pattern suggests the possible formation of wave (iii) of the upward impulse. However, for confirmation, the price needs to overcome several hurdles — the main one being the previously set all-time high. If the price continues to move at the current pace, we might soon see a new significant high established. Still, an immediate breakout seems unlikely, especially since the previously set target of 95000 hasn't been reached yet. It's expected that this target will be hit during the upcoming trading day, so it’s advisable to keep existing long positions open. Investment idea: BUY 92500, SL 91000, TP 95000.