Forex Signal For BTC/USD: Bitcoin Goes 40k $ While Bears Dominate the Market
Forex Signal For BTC/USD: Bitcoin Goes 40k $ While Bears Dominate the Market
As the bears' support targets at 40,000, the party will likely continue to decline.
Bear Market View
- Sell BTC/USD and make 40,000 profits.
- Add a 48,000 stop-loss.
- Timeline: One or two days
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Forex Signal For BTC/USD: Bitcoin Goes 40k $ While Bears Dominate the Market
Bull Market View
- 45,500 buy-stop and profit to 48,000.
- Add a 43,000 stop-loss.
While investors continue to worry about the falcon Federal Reserve, Bitcoin dropped to a large US stock share, while reducing BTC/USD to 43,570, nearly 10% less than the highest level in March.
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