Forex Signal For BTC/USD: Consolidation Is Now Nearing End.
Forex Signal For BTC/USD: Consolidation Is Now Nearing End.
The pair is likely to continue consolidating today.
Bull Market Outlook
- Buy the BTC/USD pair and make a profit of 31,000.
- Add a stop-loss at 28,000.
- Timetable: 1-2 days.
Forex Signal For BTC/USD: Consolidation Is Now Nearing End.
Bear Market Outlook
- Stop a sell at 28,400 and take a profit at 27,000.
- Add a stop-loss at 20,000.
While the pair continues to diverge from US equities, BTC/USD stays in a tight range, trading at 29,210 where it has been for the past few days.
This price is about 15% above the low in May this year.
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