Forex Signal For BTC/USD: Bearish Flag Curve Indicates Bearish Breakout
Forex Signal For BTC/USD: Bearish Flag Curve Indicates Bearish Breakout
The pair is likely to remain bearish as long as sellers aim the next key support level at 18,500.
Bear Market Outlook
- Sell BTC/USD and take a profit at 18,000.
- Add a stop-loss at 20,500.
- Timetable: 1-2 days.
Forex Signal For BTC/USD: Bearish Flag Curve Indicates Bearish Breakout
Bull Market View
- Take a buy-stop at 20,500 and a profit at 22,000.
- Add a stop-loss at 18,000.
BTC/USD was stuck in a tight range on Monday as cryptocurrencies pulled back, thus keeping Bitcoin trading where it has been for the past few weeks, around $19,600.
The price is well below the all-time high of 70,000.
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