Forex Signal For BTC/USD: Bullish Bounce to 50,000 in the Cards.
Forex Signal For BTC/USD: Bullish Bounce to 50,000 in the Cards.
The pair is likely to remain bullish as the bulls target key resistance at 50,000 over the weekend.
Bull Market Signal
- Buy BTC/USD and set to make a profit at 52,000.
- Add a stop-loss at 44,000.
- Timetable: 1-2 days.
Forex Signal For BTC/USD: Bullish Bounce to 50,000 in the Cards.
Bear Market Signal
- Set to take a sell-stop at 46,000 and a profit at 44,000.
- Add a stop-loss at 48,000.
While the
BTC/USD pair is tilting upwards on the market reflection on Gary Gensler's recent statement and relatively strong economic data from the United States, the bitcoin price is currently trading at $47,908, which is about 12% above last week's low.
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