Forex Signal For BTC/USD: Bitcoin Resists Strong Winds.
Forex Signal For BTC/USD: Bitcoin Resists Strong Winds.
The pair will continue to decline as long as the sellers target the next key support at 19,500.
Bear Market Outlook
- Sell the BTC/USD pair and take profit at 19,500.
- Add a stop-loss at 22,000.
- Timetable: 1 day.
Forex Signal For BTC/USD: Bitcoin Resists Strong Winds.
Bull Market Outlook
- Stop a buy at 21,500 and take a profit at 22,500.
- Add a stop-loss at 20,000.
While the BTC/USD pair retraced sharply amid concerns over rising interest rates and the new Coinbase investigation, Bitcoin slumped to $20,500, roughly 15% below last week's high.
It fell to its lowest point since July 18 of this year.
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