Forex Signal For BTC/USD: Bitcoin Tends to Drop Below 20,000
Forex Signal For BTC/USD: Bitcoin Tends to Drop Below 20,000
As long as the bears aim the first support of the standard pivot point at 19,780, the pair will likely continue to decline.
Bear Market Outlook
- Sell the BTC/USD pair and take profit at 19,700.
- Add a stop-loss at 22,500.
- Timetable: 1-2 days.
Forex Signal For BTC/USD: Bitcoin Tends to Drop Below 20,000
Bull Market Outlook
- Take a buy stop at 21,800 and a profit at 22,500.
- Add a stop-loss at 20,000.
BTC/USD price fell sharply as concerns over the global economy continued, while Bitcoin fell below the key psychological level of $21,000, which fell sharply from this month's high of $25,000.
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