Forex Signal For BTC/USD: Bitcoin Crash Doesn't Appear To End Even As It Drops Below $20,000
Forex Signal For BTC/USD: Bitcoin Crash Doesn't Appear To End Even As It Drops Below $20,000
The outlook for the pair is bearish and the next key support is at 15,000.
Bear Market Outlook
- Sell the BTC/USD pair and take profit at 15,000.
- Add a stop-loss at 20,000.
- Timetable: 1-2 days.
Forex Signal For BTC/USD: Bitcoin Crash Doesn't Appear To End Even As It Drops Below $20,000
Bull Market Outlook
- Take a buy stop at 20,500 and a profit at 22,000.
- Add a stop-loss at 18,000.
The BTC/USD pair collapse continued over the weekend as sentiment in the cryptocurrency industry waned, dropping to $17,700, its lowest level since 2020.
This price was significantly lower than the all-time high of almost $70,000.
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