Bitcoin continuously on the rise and this time making a double top pattern which seems bullish but also one thing to keep in mind that weekly gap is at $104K which needs to retest. Might be this double bottom a fake breakout and traps many investors.

This is not any financial advice but all based on my knowledge. I have see the chart and tried to understand the pattern movement of Bitcoin. I come to conclusion that Bitcoin after forming a double top will surely fill the CME gap or weekly gap.

Last week Bitcoin starts its movement from upside which fills all the possible gaps and now trying to breakout which is very less possible. If you see a weekly chart of Bitcoin there is a clear gap at $104K which is 70% confirm to retest this level.

Bitcoin pattern moves in this way that it must fill the upper and lower levels of the range until and unless it makes another range form. We need to understand only the bias and then the trading will be easy.

Its very important to know about the bias in crypto trading because trend is your friend. Once you find that Bitcoin is bullish or bearish then you can easily take trade and will surely give you good profits.

According to my analysis, there is huge possibility for Bitcoin to retest $104K level and in this scenario bearish movement is apparent and we can go short position trades.

Anyway, lets see will Bitcoin will test the weekly gap. Also this is not a financial advice, do your own research before taking any trade.

I hope you find this post interesting and I hope you will like it. If you like the post, please leave feedback in the comments section so that the next one will be even better. Thank you for sticking with me until the end.

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