Forex Signal For BTC/USD: Bitcoin Shows Strong Resistance at $21,890
Forex Signal For BTC/USD: Bitcoin Shows Strong Resistance at $21,890
Bitcoin will likely continue its downtrend as sellers try to break below $20,000.
Bear Market View
- Sell the BTC/USD pair and take a profit at 19,500.
- Add a stop-loss at 21,500.
- Timetable: 1-2 days.
Forex Signal For BTC/USD: Bitcoin Shows Strong Resistance at $21,890
Bull Market Outlook
- Take a buy stop at 21,300 and a profit at 23,000.
- Add a stop-loss at 20,000.
The
BTC/USD pair slumped slightly as demand for Bitcoin and other cryptocurrencies waned, dropping from last week's high of $21,846 to $20,700.
This price is about 18% above this month's low price.
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