Forex Signal For BTC/USD: Bitcoin May Rise To 70k After Breakout.
Forex Signal For BTC/USD: Bitcoin May Rise To 70k After Breakout.
While there will likely be a pullback, the path with the least resistance for the pair is to the upside.
Bull Market Outlook
- Set a buy limit of 65,000 and a profit limit of 70,000.
- Add a stop-loss at 63,000.
- Timetable: 3 days.
Forex Signal For BTC/USD: Bitcoin May Rise To 70k After Breakout.
Bear Market Outlook
- Set a sell-stop at 65,000 and take profit at 62,000.
- Add a stop-loss at 68,000.
The
BTC/USD pair continued its bullish trend in the nighttime session as investors cheered for increased inflows into the new futures ETF and the relatively weaker US dollar, while Bitcoin rallied above $66,000 for the first time.
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