Forex Signal For BTC/USD: Bitcoin Price Predicted To Drop To $12,500.
Forex Signal For BTC/USD: Bitcoin Price Predicted To Drop To $12,500.
A closer look shows that Bitcoin price formed a double top pattern as it started this decline. In price action analysis, this pattern is usually a bearish sign.
Bear Market Outlook
- Sell the BTC/USD pair and take a profit at 12,500.
- Add a stop-loss at 22,500.
- Timetable: 2-5 days.
Forex Signal For BTC/USD: Bitcoin Price Predicted To Drop To $12,500.
Bull Market Outlook
- Set a buy stop at 22,000 and a take profit at 25,000.
- Add a stop-loss at 18,000.
The BTC/USD pair is under pressure and hovering at 20,000 as investors are concerned about the demand for Bitcoin and other assets such as stocks and commodities, which has a lot of psychological significance.
You may also be interested in: