Forex Signal For BTC/USD: Bitcoin Might Rebound
Forex Signal For BTC/USD: Bitcoin Might Rebound
It looks like the coin will continue to maintain its bullish trend as investors buy the dip.
Bull Market Outlook
- Buy BTC/USD and set it to make a profit at 50,000.
- Add a stop-loss at 45,000.
- Timetable: 2 days.
Forex Signal For BTC/USD: Bitcoin Might Rebound
Bear Market Outlook
- Sell BTC/USD and set to take a profit at 42,800.
- Add a stop-loss every 50,000.
BTC/USD price dropped in the night session as investors reacted to events in El Salvador, the first country to legal tender Bitcoin.
Bitcoin retraced most of the gains made over the past few weeks, dropping as much as 17% to a monthly low of $42,852. But then, it bounced back towards the current $47,306 level.
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