BTCUSD Idea

G'day Trader.

Another new week for CFDs traders. Today we going to analyse BTCUSD (BITCOIN).

I personally would like to check and monitor this pair next directions. Generally, these pairs reach ATH (all-time high) recently as predicted from my previous analysis. It's normal for any financial market to create a healthy correction after a huge movement.

$66k price tag was achieved then corrected to 59K, this movement still solid uptrend unless price heading for $53k price for 50% fib retracement. For now, I personally this momentum keep pushing toward the $66k price tag. Then only another analysis will be published to ensure we keep track of our portfolio.

Just in case, price solid break below 59K price we might look for 50% fib retracement before upside movement takes place. As at the moment most investors looking for discount prices for profit-taking.

Let's see what gonna happen next. "Dance with the Market"