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.
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