Forex Signal For BTC/USD: Bitcoin Sale Has No End in Sight
Forex Signal For BTC/USD: Bitcoin Sale Has No End in Sight
There is a possibility that the pair will continue to decline ahead of the upcoming US consumer inflation data.
Bear Market View
- Sell the BTC/USD pair and set a profit for 29,370.
- A stop-loss at 42,000.
- Timeline: Two days.
Forex Signal For BTC/USD: Bitcoin Sale Has No End in Sight
Bull Market Look
- Buy for 32,961 and set a profit at 34,000.
- 29,370 with a stop-loss.
The BTC/USD declined to the lowest level since July 23rd this year, which was about 52% from its highest level last year. Other cryptocurrencies and stocks have also sold-off dramatically, with the total market cap of all digital coins falling to about $1,5 trillion.
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