Forex Signal For BTC/USD: Bitcoin Consolidation Continues at Low Volume
Forex Signal For BTC/USD: Bitcoin Consolidation Continues at Low Volume
While Bitcoin continued to diverge with other assets such as bonds and equities, American stocks remained in the consolidation phase even as they continued to recover.
Bear Market Outlook
- Sell the BTC/USD pair and take a profit at 18,500.
- Add a stop-loss at 20,000.
- Timetable: 1-2 days.
Forex Signal For BTC/USD: Bitcoin Consolidation Continues at Low Volume
Bull Market View
- Take a buy stop at 19,700 and a profit at 21,000.
- Add a stop-loss at 18,500.
Bitcoin price remains in the consolidation phase as traders await the next catalyst, with BTC/USD trading at 19,200 where it has stayed in the past few weeks.
That price is just over last week's low of 18,700.
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