G’day Fellow Trader.
Today we gonna analyse BTCUSD ( BITCOIN ) the largest crypto in the world.
As expected, this movement gonna continue moving up due to multiple reasons. But today, I only talk about the technical perspective. Recently, this pair consolidated between the $ 54k and $ 57k price zone. In the, it’s showing 50% Fib retracement completed which is its indicate the next movement will be 161.8% fib extension at $ 66804.51.
We might see some correction along the way to 161.8% fib which is if we zoom out we will see clearly the reason for this up and down. My advice is to dance with the market.
Let’s see what gonna happen next. Cheers.