Forex Signal For BTC/USD: Bitcoin Price Will Maintain Weak Outlook For Longer.
Forex Signal For BTC/USD: Bitcoin Price Will Maintain Weak Outlook For Longer.
There's a chance that the parity will continue to fall as the bears target the key support level at 35,000.
Bear Market Outlook
- Sell your BTC/USD pair and earn a 35,000 basis point profit.
- Add a stop-loss to 41,000.
- Timeline: 1-2 days.
Forex Signal For BTC/USD: Bitcoin Price Will Maintain Weak Outlook For Longer.
Bull Market View
- 40,000 to stop buying and 43,000 to profit.
- Add a stop-loss to 37,000.
As cryptocurrencies and stock sell-off continue, the BTC/USD pair fell below key support at 40,000, hitting a low of 38,677 on Monday, the lowest since March 15.
The country is down more than 15% from its high this month.
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