Forex Signal For BTC/USD: A Possible Reversal Before Options Expiry.
Forex Signal For BTC/USD: A Possible Reversal Before Options Expiry.
While the overall trend is bearish, there is a possibility that the pair will recover in the days after the options expire.
Bull Market Outlook
- Buy the BTC/USD pair and make a profit of 50,000.
- Add a stop-loss at 46,000.
- Timetable: 2 days.
Forex Signal For BTC/USD: A Possible Reversal Before Options Expiry.
Bear Market View
- Sell BTC/USD and set take profit at 46,000.
- Add a stop-loss at 48,000.
The BTC/USD pair came under pressure on Thursday morning as demand for Bitcoin remained sluggish and traded at 47,615, about 10% below this week's high.
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