Forex Signal For BTC/USD: Bitcoin Consolidation Appears to Continue for a Time
Forex Signal For BTC/USD: Bitcoin Consolidation Appears to Continue for a Time
The US dollar rose as the volatility index rebounded. In this environment, the fear and greed index rose more than 2% to $31 while staying in the fear zone.
Bear Market Outlook
- Sell BTC/USD and take a profit at 18,000.
- Add a stop-loss at 20,000.
- Timetable: 1-3 days.
Forex Signal For BTC/USD: Bitcoin Consolidation Appears to Continue for a Time
Bull Market Outlook
- Take a buy stop at 19,800 and a profit at 21,000.
- Add a stop-loss at 18,000.
BTC/USD price continued to consolidate as bond yields rose and US stocks pulled back in the Asian session.
It was trading at 19,171 where it has been for the past few days, which is slightly higher than the monthly low of 18,154.
You may also be interested in: