Forex Signal For BTC/USD: Bitcoin Will Retest $55,000.
Forex Signal For BTC/USD: Bitcoin Will Retest $55,000.
The pair will likely continue to pull back as traders target the lower end of the descending channel around 55,000.
Bear Market Outlook
- Sell BTC/USD and set a take profit at 55,000.
- Add a stop-loss at 59,000.
- Timetable: 1-2 days.
Forex Signal For BTC/USD: Bitcoin Will Retest $55,000.
Bull Market Outlook
- Set a buy-stop at 58,000 and add a take profit at 60,000.
- Add a stop-loss at 55,000.
While the market awaits the latest US confidence data, BTC/USD is little changed in the overnight session, trading at 57,400, roughly 8% above November lows.
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