Forex Signal For BTC/USD: Downside Continues as Bitcoin Recovery Moves Less.
Forex Signal For BTC/USD: Downside Continues as Bitcoin Recovery Moves Less.
BTC/USD price continued to slide after a series of strong US economic data pointed to further rate hikes from the Fed.
Bear Market Outlook
- Sell the BTC/USD pair and take profit at 16,200.
- Add a stop-loss at 17,500.
- Timeline: 1 day.
Forex Signal For BTC/USD: Downside Continues as Bitcoin Recovery Moves Less.
Bull Market Outlook
- Buy the BTC/USD pair and make a profit of 18,000.
- Add a stop-loss at 16,000.
The BTC/USD price retreated in the night session as investors embraced the risk-averse sentiment, while Bitcoin slumped to around $17,000 from this week's high of $17,395.
It remains in a narrow range that started last week.
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