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Author: Admin | 2025-04-27
25FebBitcoin (BTCUSD) Elliott Wave Analysis: Price Prediction, Trading Strategies, and Risk Management for Crypto Traders Ranjeet |25 Feb, 2025 |Bitcoin analysis, Elliott Wave, BTC forecast, crypto trading, price prediction, BTC support, market trends, trading strategy, BTCUSD signals, crypto market, Bitcoin forecast, BTC trends, BTCUSD | Cryptocurrencies | 0 Comments | 189 Likes |-->Return| Bitcoin/U.S. Dollar (BTCUSD) Elliott Wave Analysis – Daily ChartBTCUSD Elliott Wave Technical Analysis Function: Counter-TrendMode: CorrectiveStructure: FlatPosition: Wave (C)Next Higher Degree Direction: Wave ((4))Invalidation Level:Bitcoin/U.S. Dollar (BTCUSD) Trading StrategyBTC/USD is in the final stage of its Wave C correction, with key support located at $86,439.58. A rebound above $97,198.26 could signal a bullish trend reversal, while a breakdown below $86,439.58 may confirm a continuation of the downtrend.Trading StrategiesLong Strategy: Wait for a Buy Dip If BTC remains above $86,439.58 and generates a reversal signal, it could be a buying opportunity. The initial target is $97,198.26; surpassing this level may push BTC toward higher resistance zones.Risk Management If BTC/USD drops below $86,439.58, the price could decline further into the $83,000 - $81,000 support zone.Bitcoin/U.S. Dollar (BTCUSD) Elliott Wave Analysis – H4 ChartFunction: Counter-TrendMode: CorrectiveStructure: FlatPosition: Wave (C)Next Higher Degree Direction: Wave ((4))Invalidation Level:Bitcoin/U.S. Dollar (BTCUSD) Trading StrategyBTC/USD is approaching the final stage of its Wave C correction, with $86,439.58 acting as strong support. A breakout above $97,198.26 could signal a bullish reversal, while a decline below $86,439.58 may indicate further downside potential.Trading StrategiesLong Strategy: Wait for a Buy Dip If BTC holds above $86,439.58 and presents a reversal confirmation, it could provide a long entry opportunity. The primary target is $97,198.26; a breakout beyond this level may push BTC to higher resistance levels.Risk Management A decline below $86,439.58 could lead BTC/USD to extend losses toward the $83,000 - $81,000 range.Technical Analyst: Kittiampon Somboonsod, CEWASource: visit Tradinglounge.com and learn
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