Forex Signal For BTC/USD: Bitcoin Recovery Gains Momentum
Forex Signal For BTC/USD: Bitcoin Recovery Gains Momentum
The overall trend is bullish, which brings the expectation that Bitcoin will likely retest the resistance at $35,000.
Bull Market Outlook
- Buy the BTC/USD pair and make a profit of 34,000.
- Add a stop-loss at 31,000.
- Timetable: 1-2 days.
Forex Signal For BTC/USD: Bitcoin Recovery Gains Momentum
Bear Market Outlook
- Sell the BTC/USD pair and take a profit at 31,000.
- Add a stop-loss at 33,500.
The BTC/USD pair maintained its bullish momentum as traders continued to buy the bearish. Bitcoin has soared to $32,100 this year, the highest level since May 9th.
It has rebounded strongly after rising 27% from its May low.
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