BTCUSD: SELL 105000, SL 106000, TP 100000 | 12 May 2025
12 May 2025, BTCUSD
The growth in the cryptocurrency market has continued. Bitcoin has confidently reached the previously targeted level above 100,000 per coin. However, the upward movement is likely not over yet. The current growth is presumed to be forming as the fifth wave within an impulse wave [i] of a higher degree. Thus, the bullish cycle may be nearing its completion. Nevertheless, potential extensions could occur, leading to even further upward movement. Under these circumstances, selling opportunities can be considered after an update of the current local high. Investment idea: SELL 105000, SL 106000, TP 100000.
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.
