Forex Signal For BTC/USD: Bitcoin at Risk as Liquidity Rises
Forex Signal For BTC/USD: Bitcoin at Risk as Liquidity Rises
It is noteworthy that other Bitcoin holders are determined to withdraw their cryptocurrencies from exchanges to their hot and cold wallets.
Bear Market Outlook
- Sell the BTC/USD pair and take profit at 14,500.
- Add a stop-loss at 16,500.
- Timetable: 1-2 days.
Forex Signal For BTC/USD: Bitcoin at Risk as Liquidity Rises
Bull Market Outlook
- Buy the BTC/USD pair and make a profit of 17,000.
- Add a stop-loss at 15,000.
As liquidity concerns in the crypto industry persist, BTC/USD price dropped below 16,000 last week to 15,618 for the first time since Monday.
Thus, Bitcoin is down almost 30% from its high this month.
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