Forex Signal For BTC/USD: Bitcoin Expected To Go To $20,000 Before FOMC.
Forex Signal For BTC/USD: Bitcoin Expected To Go To $20,000 Before FOMC.
Failed to break above resistance at 30,000 this month, it seems like bearish expectations are gaining weight.
Bear Market Outlook
- Sell-stop at 24,915 and take profit at 23,000.
- Add a stop-loss at 26,000.
- Timetable: 1 day.
Forex Signal For BTC/USD: Bitcoin Expected To Go To $20,000 Before FOMC.
Bull Market Outlook
- Buy-stop at 25,500 and take profit at 27,000.
- Add a stop-loss at 24,000.
The
BTC/USD price slumped to its lowest level in the year as investors remained concerned about rising inflation, interest rates and recession possibilities.
It fell to 24,915, the lowest level since 2021.
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