Forex Signal For BTC/USD: Bitcoin May Rebound After FOMC.
Forex Signal For BTC/USD: Bitcoin May Rebound After FOMC.
There is a very strong possibility that the pair will pull back a little before the Fed decision and then bounce back.
Bull Market Outlook
Set a buy-stop at 48,000 and take profit at 50,000.
Add a stop-loss at 46,000.
Timetable: 1-2 days.
Forex Signal For BTC/USD: Bitcoin May Rebound After FOMC.
Bear Market Outlook
Set a sell-stop at 46,000 and a take profit at 45,000.
Add a stop-loss at 47,000.
The BTC/USD pair struggled Tuesday evening as the market reacted to statements from US stablecoin CEOs and came under pressure ahead of the Federal Reserve's upcoming interest rate decision.