Forex Signal For BTC/USD: Bitcoin Buyers Appear Losing Amid a Hawkish FED
Forex Signal For BTC/USD: Bitcoin Buyers Appear Losing Amid a Hawkish FED
The
BTC/USD price drop coincided with the strong US dollar and falling American stocks.
Bear Market Outlook
- Sell the BTC/USD pair and take profit at 19,400.
- Add a stop-loss at 21,000.
- Timetable: 1-2 days.
Forex Signal For BTC/USD: Bitcoin Buyers Appear Losing Amid a Hawkish FED
Bull Market Outlook
- Take a buy stop at 20,480 and a profit at 21,500.
- Add a stop-loss at 19,500.
The BTC/USD pair slumped slightly after the Fed's latest rate decision and fell to 20,100, the lowest level since October.
This price is slightly lower than last week's high of 21,100.
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