Forex Signal For BTC/USD: Bitcoin Remains Stable Despite Continuing Downward Pressure.
Forex Signal For BTC/USD: Bitcoin Remains Stable Despite Continuing Downward Pressure.
The pair is likely to continue its downtrend today as the Bear Market targets the next key support level at 40,000.
Bear Market Outlook
- Sell the BTC/USD pair and take profit at 40,000.
- Add a stop-loss at 44,000.
- Timetable: 1-2 days.
Forex Signal For BTC/USD: Bitcoin Remains Stable Despite Continuing Downward Pressure.
Bull Market Outlook
- Buy BTC/USD and make a profit at 44,000.
- Add a stop-loss at 40,000.
BTC/USD stabilizes over the weekend as concerns over a Russian invasion of Ukraine subside, trading at 42,352, about 7,53% below last week's high. Prices of other cryptocurrencies also remained stable, with the combined market cap of all cryptocurrencies at around $2 trillion.
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