BITCOIN (BTCUSD) Can Break to the upside 61K or more
Traders, BTCUSD (Bitcoin) could be forming a bear trap and still has potential to go high after this week's close. A pattern is forming and if this breaks to the upside then we can see 61K-62K. Around that area we have few unfilled gaps too. I know that there are few unfilled gaps at very low levels too but for now this 62K one is closest.
We also have FCP (Fibonacci confluence zones) forming at 2 levels as shown in the chart.
Rules:
1. Never trade too much
2. Never trade without a confirmation
3. Never rely on signals, do your own analysis and research too
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Take care and trade well
-Vik
____________________________________________________
📌 DISCLAIMER
The content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of education only.
Not a financial advice or signal. Please make your own independent investment decisions.
____________________________________________________
We also have FCP (Fibonacci confluence zones) forming at 2 levels as shown in the chart.
Rules:
1. Never trade too much
2. Never trade without a confirmation
3. Never rely on signals, do your own analysis and research too
✅ If you found this idea useful, hit the like button, subscribe and share it in other trading forums.
✅ Follow me for future ideas, trade set ups and the updates of this analysis
✅ Don't hesitate to share your ideas, comments, opinions and questions.
Take care and trade well
-Vik
____________________________________________________
📌 DISCLAIMER
The content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of education only.
Not a financial advice or signal. Please make your own independent investment decisions.
____________________________________________________
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