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Forex Signal For BTC/USD: Bear Market Points More Downside

Forex Signal For BTC/USD: Bear Market Points More Downside Forex Signal For BTC/USD: Bear Market Points More Downside

Forex Signal For BTC/USD: Bear Market Points More Downside
Yazar: Ross Sutton

Yayınlanma: 24 Mayıs 2022 16:25

Güncellenme: 17 Nisan 2024 23:45

Forex Signal For BTC/USD: Bear Market Points More Downside

      Forex Signal For BTC/USD: Bear Market Points More Downside Bitcoin is likely to continue its decline as the bears target the key support level at $27,000.  

Bear Market Outlook

 
  • Sell ​​the BTC/USD pair and take profit at 27,000.
  • Add a stop-loss at 31,000.
  • Timetable: 2 days.
 

Forex Signal For BTC/USD: Bear Market Points More Downside

 

Bull Market Outlook

 
  • Stop-buy at 30,500 and take profit at 32,000.
  • Add a stop-loss at 28,000.
  The BTC/USD pair is still in consolidation mode over the past few days as demand for digital currencies has waned, trading at $29,350 where it has been for the past few days. This price is about 15% above this month's low.   btcusd-chris-24052022 (2)  

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