Forex Signal For BTC/USD: Possible Pullback Expected as Recovery Finds Resistance
Forex Signal For BTC/USD: Possible Pullback Expected as Recovery Finds Resistance
While some investors are profitable, there is a possibility that the pair could be pulled back slightly.
Bear Market Outlook
- Sell your BTC/USD pair and earn a 38,000 basis point profit.
- Add a stop-loss to 42,000.
- Timeline: 1-2 days.
Forex Signal For BTC/USD: Possible Pullback Expected as Recovery Finds Resistance
Bull Market View
- Stop buying at 41,000 and get profit at 42,000.
- Add a stop-loss to 38,000.
The BTC/USD duo remained stable over the last few days even after the Federal Reserve prevailed, but exceeded 40,000, about 11% above last month’s lowest level.
Other cryptocurrencies have gone up, including Ethereum and Ripple.
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