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Forex Signal For BTC/USD: Bitcoin Likely to Break Out

Forex Signal For BTC/USD: Bitcoin Likely to Break Out Forex Signal For BTC/USD: Bitcoin Likely to Break Out

Forex Signal For BTC/USD: Bitcoin Likely to Break Out
Yazar: Ross Sutton

Yayınlanma: 6 Ekim 2022 13:18

Güncellenme: 15 Kasım 2024 10:42

Forex Signal For BTC/USD: Bitcoin Likely to Break Out

    Forex Signal For BTC/USD: Bitcoin Likely to Break Out   As Bitcoin consolidates, some on-chain metrics point to a potential uptrend. Bitcoin's supply on exchanges has fallen to its lowest level in months.    

Bull Market Outlook

 
  • Buy the BTC/USD pair and take a profit at 21,200.
  • Set a stop-loss at 19,000.
  • Timeline: 1 day.
 

Forex Signal For BTC/USD: Bitcoin Likely to Break Out

 

Bear Market Outlook

 
  • Take a sell stop at 19,500 and a profit at 18,500.
  • Add a stop-loss at 21,000.
  As the consolidation phase continues, BTC/USD price remained stable around 20,000 and traded at 20,150 on Thursday morning, well above last month's low of $18,172. Other cryptocurrencies such as ETH and LTC also drew attention to their continued consolidation.   btcusd_06102022_cryspus  

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