Forex Signal For BTC/USD: Possible Drop to 35,000 Yesterday
Forex Signal For BTC/USD: Possible Drop to 35,000 Yesterday
The path to lowest resistance is lower for the pair yesterday and the next key support remains at 35,000.
Bear Market Outlook
- Sell the BTC/USD pair and take a profit at 35,000.
- Add a stop-loss at 40,000.
- Timetable: 1-2 days.
Forex Signal For BTC/USD: Possible Drop to 35,000 Yesterday
Bull Market Outlook
- Set a buy-stop at 39,000 and add a take profit at 42,000.
- Add a stop-loss at 37,000.
The BTC/USD pair is trading at 38,480 yesterday, roughly 20% below this month's high, dropping to its lowest level since March 2022 as global risks escalate and investors continue to fear.
While other digital currencies such as Ethereum and Ripple also fell, the total market cap of cryptocurrencies fell to about $1,88 trillion.
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