Forex Signal For BTC/USD: Bitcoin Expected To Re-Test $40k
Forex Signal For BTC/USD: Bitcoin Expected To Re-Test $40k
As bears target the next key level of support at 40,000, the party will likely continue to decline.
Bear Market View
- Sell the BTC/USD couple and make a profit at 40,000.
- Add a stop-loss at 45,000.
- Timeline: One or two days.
Forex Signal For BTC/USD: Bitcoin Expected To Re-Test $40k
Bull Market View
- Stop buying at 43,000 and buy a profit at 45,000.
- Add a stop-loss at 41,000.
As a more fallout from a fallout of fear of Federal Reserve increased chain activity, the BTC/USD couple lost momentum, and was down to 42,088 — the lowest level since March 23rd.
It's down more than 12% from the highest level this month.
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