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Forex Signal for BTC/USD: Consolidation Expected to Increase

Forex Signal for BTC/USD: Consolidation Expected to IncreaseForex Signal for BTC/USD: Consolidation Expected to IncreaseForex Signal for

Forex Signal for BTC/USD: Consolidation Expected to Increase
Yazar: Ross Sutton

Yayınlanma: 19 Temmuz 2021 18:46

Güncellenme: 7 Kasım 2024 04:55

Forex Signal for BTC/USD: Consolidation Expected to Increase

  Forex Signal for BTC/USD: Consolidation Expected to Increase   The pair will likely stay in this range in the next few days.  

Bear Market Outlook

 
  • Take a sell-stop at $31,000 and a profit at $30,000.
  • Add a stop-loss at $32,500.
  • Timetable: 1-3 days.

Forex Signal for BTC/USD: Consolidation Expected to Increase

Bull Market Outlook

 
  • Set a buy-stop at $32,000 and take a profit at $33,000.
  • Add a stop-loss at $31,000.
  BTC/USD is still in a tight range while the next catalyst is awaited. Bitcoin has been trading at $31,563 in the last period. This brought the total market capitalization to over $592 billion, significantly lower than the previous week.   btcusd-19072021  

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