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Forex Signal For BTC/USD: Bearish Sensitivity Increases As Demand Decreases!

Forex Signal For BTC/USD: Bearish Sensitivity Increases As Demand Decreases!Forex Signal For BTC/USD: Bearish Sensitivity Increases As Deman

Forex Signal For BTC/USD: Bearish Sensitivity Increases As Demand Decreases!
Yazar: Ross Sutton

Yayınlanma: 1 Temmuz 2021 12:34

Güncellenme: 25 Ekim 2024 08:35

Forex Signal For BTC/USD: Bearish Sensitivity Increases As Demand Decreases!

    Forex Signal For BTC/USD: Bearish Sensitivity Increases As Demand Decreases!   The decline is likely to continue as institutional and retail appetite for the pair dwindles.  

Bear Market Outlook

- Get a sell-stop at 34,000 and a profit at 32,000. - Add a stop-loss at 36,000. - Timetable: 1-2 days.

Forex Signal For BTC/USD: Bearish Sensitivity Increases As Demand Decreases!

 

Bull Market Outlook

- Get a buy-stop at 35,000 and a profit at 37,000. - Add a stop-loss at 33,000. As traders position themselves for the new month, the BTC/USD pair has been bearish in the early trading hours. The pair fell nearly 6,5 % from this week's high to 34,298. According to CoinMarketCap data, the total market cap of BTC is approximately $644 billion.   btcusd-01072021  

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