Forex Signal For BTC/USD: A Rise To 34,000 Looks Likely!
Forex Signal For BTC/USD: A Rise To 34,000 Looks Likely!
The pair will likely continue to rise as the bulls target the upper side of the channel at 34,000.
Bull Market Outlook
- Buy BTC/USD to get a profit of $34,000.
- Add a stop-loss at 31,600.
- Timetable: 1 day.
Forex Signal For BTC/USD: A Rise To 34,000 Looks Likely!
Bear Market Outlook
- Take a sell-stop at 32,000 and a profit at 30,000
- Add a stop-loss at 33,500.
Bitcoin price is still in consolidation mode even after the strong US inflation data released. The BTC/USD pair is at 32,740, which is in the range it has been in the last few sessions, which is roughly 50 % below the high point reached by Bitcoin this year.
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