Forex Signal For BTC/USD: Bears Keep Targeting 30,000 Level!
Forex Signal For BTC/USD: Bears Keep Targeting 30,000 Level!
While it is too early to tell, the pair could turn bearish as the bears target the next key support at $30,000.
Bear Market Outlook
- Set a sell-stop at 32,700 and take a profit at 30,000.
- Add a stop-loss at 34,000.
- Timetable: 1-2 days
Forex Signal For BTC/USD: Bears Keep Targeting 30,000 Level!
Bull Market Outlook
- Set a buy-stop at 33,500 and take a profit at 35,000.
- Add a stop-loss at 32,000.
While traders await the next catalyst, the
BTC/USD pair is still in consolidation mode. The pair is trading at 33,120, about 4 % below last week's high. It is also roughly 50 % below the all-time high of $65,000.
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