Forex Signal For BTC/USD: Possibly Drop To 20,000 As Recovery Fades.
Forex Signal For BTC/USD: Possibly Drop To 20,000 As Recovery Fades.
The pair will likely continue to decline as long as sellers target key support 20,000.
Bear Market View
- Sell the BTC/USD pair and take a profit at 20,000.
- Add a stop-loss at 23,000.
- Timetable: 1-2 days.
Forex Signal For BTC/USD: Possibly Drop To 20,000 As Recovery Fades.
Bull Market Outlook
- Stop a buy at 22,470 and take a profit at 23,500.
- Add a stop-loss at 21,000.
The BTC/USD pair fell to its lowest level in more than a week as last week's recovery waned, while Bitcoin fell to $21,805, about 10% below this month's high, giving it a market cap of over $420 billion.
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