Forex Signal For BTC/USD: Bears Dominate Crypto Tax Conversation.
Forex Signal For BTC/USD: Bears Dominate Crypto Tax Conversation.
The pair will likely continue to decline as the bears reach the next key support at $37,000.
Bear market Outlook
- Sell BTC/USD to get a profit at $37,000.
- Add a stop-loss at $42,000.
- Timetable: 1-2 days.
Forex Signal For BTC/USD: Bears Dominate Crypto Tax Conversation.
Bull Market Outlook
- Set a buy-stop at $40,000 and take a profit at $42,000.
- Add a stop-loss at $38,000.
Investors' reaction to proposed crypto taxes in the US caused the BTC/USD price to slide during the night session. Bitcoin price dropped from $42,640 to $38,726 over the weekend.
You may also be interested in: