BTC/USD Forex Signal: Extreme Bearish Below 55,000.
Forex Signal For BTC/USD: Extreme Bearish Below 55,000.
The four-hour chart shows
BTC/USD holding a key support level.
Bear Market Outlook
- Set it to sell-stop at 55,000 and take profit at 53,000.
- Add a stop-loss at 58,000.
- Timetable: 1-3 days.
Forex Signal For BTC/USD: Extreme Bearish Below 55,000.
Bull Market Outlook
- Take a buy-stop at 57,000 and a profit at 60,000.
- Add a stop-loss at 55,000.
Investors have also struggled with the appearance of more signs that the Federal Reserve will tighten faster than expected as the BTC/USD price remains under pressure as the news about India reflects.
It is trading at 56,640, which is about 18,2% below this month's high.
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