Forex Signal For BTC/USD: BTC May Retest $48,000 as Recovery Stops.
Forex Signal For BTC/USD: BTC May Retest $48,000 as Recovery Stops.
There is a strong possibility that Bitcoin will go lower in the coming days.
Bear Market Outlook
- Sell the BTC/USD pair and set a take profit at 48,000.
- Add a stop-loss at 52,000.
- Timetable: 2 days.
Forex Signal For BTC/USD: BTC May Retest $48,000 as Recovery Stops.
Bull Market Outlook
- Set take-stop 52,000 and take profit 54,000.
- Add a stop-loss every 50,000.
BTC/USD is trading slightly lower in the nighttime session at 50,388 as bullish momentum wanes and is a few points below this week's high of 52,000. Still, the price is about 20% above last week's low.
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