Forex Signal For BTC/USD: Cautiously Optimistic About Bitcoin
Forex Signal For BTC/USD: Cautiously Optimistic About Bitcoin
BTC/USD price has been strongly correlated with US equities for most of this year.
Bull Market Outlook
- Buy the BTC/USD pair and make a profit of 21,000.
- Add a stop-loss at 18,500.
- Timetable: 1-2 days.
Forex Signal For BTC/USD: Cautiously Optimistic About Bitcoin
Bear Market Outlook
- Take a sell stop at 19,200 and a profit at 18,000.
- Add a stop-loss at 21,000.
BTC/USD price continued to disconnect from US equities in the night session and remained stable at just under $20,000 even as bitcoin, bond yields and the US dollar index fell and US equities rose.
It was trading at 19,600 on Tuesday morning.
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