Forex Signal For BTC/USD: Bitcoin at Risk of Quite Weakness.
Forex Signal For BTC/USD: Bitcoin at Risk of Quite Weakness.
Resistance is very low for the coin, which suggests the next key support remains at 40,000.
Bear Market Outlook
- Sell the BTC/USD pair and take profit at 40,000.
- Add a stop-loss at 45,000.
- Timetable: 1-2 days.
Forex Signal For BTC/USD: Bitcoin at Risk of Quite Weakness.
Bull Market Outlook
- Set a buy-stop at 44,000 and take profit at 46,000.
- Add a stop-loss at 40,000.
The BTC/USD pair remains under pressure even as the closely watched North American Bitcoin Conference kicks off in Miami, despite trading at $42,200, significantly lower than the all-time high of $68,000.
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