Forex Signal For BTC/USD: Bitcoin Rally Slows Down.
Forex Signal For BTC/USD: Bitcoin Rally Slows Down.
Analysts are pricing in a 75 basis point rate hike, based on the dot chart from the last meeting and the latest statements from some Fed officials.
Therefore, the main rate hike is not expected to have an impact on the
BTC/USD pair.
Bear Market Outlook
- Sell the BTC/USD pair and take profit at 19,500.
- Add a stop-loss at 21,000.
- Timeline: 1 day.
Forex Signal For BTC/USD: Bitcoin Rally Slows Down.
Bull Market Outlook
- Take a buy stop at 20,800 and a profit at 21,500.
- Add a stop-loss at 19,500.
BTC/USD price remained in consolidation mode in the night session as momentum faded from last week, while bitcoin was trading at $20,477 on Wednesday morning in the range it has been for the past few days.
This price is about 12% above the October low.
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