Image Source: pixabay.com
BTC has taken good move from last three days with 3 continuous green candles and bulls seem to have the control of the trend so far which is good for investors of the crypto king, Bitcoin. However, we should not be too optimistic for short term at least. Let's have an analysis of the current price trend and chart pattern for our understanding.
Below is the current chart from Binance trading platform.
Chart Source: Binance mobile app
From above BTC/BUSD chart analysis, it is very clearly visible that the crypto is making a double top pattern which can indicate a sense of trend reversal if it fails to break the resistance point. We pray it breaks the resistance point and keep up with its bullish trend. However, things aren't going to be that easy for the bulls and a couple of more green candles are required for uptrend continuation and $67'000 is a critical resistance point for it.
Let's hope for the best but be careful with stop losses in our trade to avoid wiping out our capital investment. Thanks.
Legal Disclaimer: I am not a financial advisor and never give advise to take any trade. The purpose of the analysis is for information only and you have to do your own working before taking any trade. I will not be responsible under any circumstances for any kind of loss.
Best of luck!
