Forex Signal For BTC/USD: Bear Flag Shows More Weakness.
Forex Signal For BTC/USD: Bear Flag Shows More Weakness.
While a recovery is possible, the pair will likely continue to decline as investors target the key support at 40,000.
Bear Market Outlook
- Set a sat-stop at 43,400 and take profit at 40,000.
- Add a stop-loss at 45,000.
- Timetable: 1-2 days.
Forex Signal For BTC/USD: Bear Flag Shows More Weakness.
Bull Market Outlook
- Set a buy-stop at 44,000 and take profit at 46,000.
- Add a stop-loss at 42,000.
BTC/USD price has come under pressure as demand for the cryptocurrency dwindles. The pair fell to 43,423, its lowest level since September 7, about 18% below this month's high.
Other cryptocurrencies such as Ethereum, Cardano, and Stellar also fell.
Bununla da ilgilenebilirsiniz: