Forex Signal For BTC/USD: Bear Market Points More Downside
Forex Signal For BTC/USD: Bear Market Points More Downside
Bitcoin is likely to continue its decline as the bears target the key support level at $27,000.
Bear Market Outlook
- Sell the BTC/USD pair and take profit at 27,000.
- Add a stop-loss at 31,000.
- Timetable: 2 days.
Forex Signal For BTC/USD: Bear Market Points More Downside
Bull Market Outlook
- Stop-buy at 30,500 and take profit at 32,000.
- Add a stop-loss at 28,000.
The BTC/USD pair is still in consolidation mode over the past few days as demand for digital currencies has waned, trading at $29,350 where it has been for the past few days.
This price is about 15% above this month's low.
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