Forex Signal For BTC/USD: Bear Flag Signals That It Will Be More Difficult Ahead.
Forex Signal For BTC/USD: Bear Flag Signals That It Will Be More Difficult Ahead.
The pair is likely to decline further as traders target key support at this week's low of 42,858.
Bear Market Outlook
- Sell the BTC/USD pair and set to take profit at 42,800.
- Add a stop-loss at 48,000.
- Timetable: 2 days.
Forex Signal For BTC/USD: Bear Flag Signals That It Will Be More Difficult Ahead.
Bull Market Outlook
- Set a buy-stop at 47,000 and add a take profit at 50,000.
- Add a stop-loss at 44,000.
BTC/USD price fell for the third day in a row as sentiment in the cryptocurrency industry waned. The pair is trading at 45,822, which is about 13% below this week's high and about 7% above its low.
This brings the coin's total market cap to over $862 billion, making it one of the largest platforms in the world.
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