Forex Signal For BTC/USD: Bitcoin Drops Below $39,800.
Forex Signal For BTC/USD: Bitcoin Drops Below $39,800.
If the pair manages to break below last week's low of 39,800, a further downside break would be confirmed.
Bear Market Outlook
- Set a sell-stop at 39,800 and a take profit at 37,000.
- Add a stop-loss at 42,000.
- Timetable: 1-2 days.
Forex Signal For BTC/USD: Bitcoin Drops Below $39,800.
Bull Market Outlook
- Take a buy-stop at 43,000 and a profit at 45,000.
- Add a stop-loss at 40,000.
As key global assets continue to decline,
BTC/USD has traded roughly 40% below its all-time high to trade at 41,625 over the past two days as it comes under pressure.
It's close to its lowest level since October.
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