Forex Signal For BTC/USD: Bear Flag Indicates More Pain
Forex Signal For BTC/USD: Bear Flag Indicates More Pain
Bitcoin is struggling to find buyers as concerns about contamination in the crypto industry persist.
Bear Market Outlook
- Sell the BTC/USD pair and make a profit of 15,000.
- Add a stop-loss at 17,200.
- Timetable: 1-2 days.
Forex Signal For BTC/USD: Bear Flag Indicates More Pain
Bull Market Outlook
- Buy the BTC/USD pair and make a profit of 18,000.
- Add a stop-loss at 15,500.
As the repercussions of FTX's collapse continued, BTC/USD price continued to fluctuate on Thursday, trading at 16,528, slightly below this week's high of 17,166. Bitcoin is down more than 23% from its peak this month.
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