Signal For BTC/USD: Bitcoin Retracement Predicted
The short-term outlook for Bitcoin is neutral.
Bear Market Outlook
Sell the BTC/USD pair and make a profit of 19,000.
Add a stop-loss at 23,000.
Timetable: 1-2 days.
Signal For BTC/USD: Bitcoin Retracement Predicted
Bull Market Outlook
Set a buy stop at 21,500 and a take profit at 23,000.
Add a stop-loss at 20,000.
BTC/USD price dragged upwards as the market mood improved and broke above the key resistance level at 21,000 for the first time since last week.
The current price is about 20% above the lowest level over the weekend.