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.
- 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.
You may also be interested in:
Forex Signal For GBP/USD: Sterling Approaches Major Support!