Forex Signal For BTC/USD: Bitcoin Does Not Show An Rise Mark
Forex Signal For BTC/USD: Bitcoin Does Not Show An Rise Mark
As the bears target the next key level of support at 38,500, the party will likely continue to decline
Bear Market View
- Sell BTC/USD and get $38,500 in profits.
- Add a stop-loss to 43,500.
- Timeline: One or two days.
Forex Signal For BTC/USD: Bitcoin Does Not Show An Rise Mark
Bull Market View
- Buy-stop for 41,500 and get a profit for 43,500.
- Add a stop-loss to 39,000.
The BTC/USD duo collapsed sharply during the US and Asian sessions, with the BTC/USD two dropping to about 39,335 — the lowest level recorded this year since March 21st.
It fell by more than 16% in March from its highest level.
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