Forex Signal For BTC/USD: Double Top Signals Show More Weakness.
Forex Signal For BTC/USD: Double Top Signals Show More Weakness.
The pair will likely continue to decline as the Bear Market targets the key support level at 46,000.
Bear Market Outlook
- Sell BTC/USD and set take profit at 46,000.
- Add a stop-loss at 51,000.
- Timetable: 1 day.
Forex Signal For BTC/USD: Double Top Signals Show More Weakness.
Bull Market Outlook
- Set a buy-stop at 49,500 and a take profit at 51,000.
- Add a stop-loss at 48,000.
BTC/USD has bounced back sharply after rising over the past few days, dropping to 47,900, more than 4,000 below Monday's high.
Other altcoins such as Terra, Solana, and Polkadot also fell as the combined market cap of all cryptocurrencies fell to over $2.4 trillion.
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