Forex Signal For BTC/USD: Downtrend Still Looks Firm
Forex Signal For BTC/USD: Downtrend Still Looks Firm
The pair will likely continue to decline as the Bear Market targets the next key support level at 27,500.
Bear Market Outlook
- Sell the BTC/USD pair and take a profit at 27,500.
- Add a stop-loss at 31,000.
- Timetable: 1 day.
Forex Signal For BTC/USD: Downtrend Still Looks Firm
Bull Market Outlook
- Stop-buy at 30,300 and take profit at 32,000.
- Add a stop-loss at 28,000.
While the
BTC/USD pair correlation with American equities continued in the night session, Bitcoin dropped to $28,000, its lowest level since May 14. It fell 7,50% below this week's high.
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