Forex Signal For BTC/USD: Bitcoin Finds Strong Support at 45,797.
Forex Signal For BTC/USD: Bitcoin Finds Strong Support at 45,797.
If it moves below this support, the downtrend will be confirmed.
Bear Market Outlook
- Set a sell-stop at 45,500 and a take profit at 43,000.
- Add a stop-loss at 48,000.
- Timetable: 1-2 days.
Forex Signal For BTC/USD: Bitcoin Finds Strong Support at 45,797.
Bull Market Outlook
- Set a buy-stop at 47,000 and take profit at 49,000.
- Add a stop-loss at 45,000.
While the
BTC/USD pair is moving in a narrow range as demand for Bitcoin and other cryptocurrencies dwindles, it is trading at 46,300, which is in the same range as it has been in the past few days.
The coin is about $20,000 below this year's high. Its total market capitalization fell to approximately $853 billion.
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