Forex Signal For BTC/USD: Crypto Sentiment Falls While Negativity Rises
Forex Signal For BTC/USD: Crypto Sentiment Falls While Negativity Rises
BTC/USD will likely continue to decline as Bear Market targets support at 17,000.
Bear Market Outlook
- Sell the BTC/USD pair and take profit at 17,000.
- Add a stop-loss at 22,000.
- Timetable: 1-2 days.
Forex Signal For BTC/USD: Crypto Sentiment Falls While Negativity Rises
Bull Market Outlook
- Take a buy stop at 20,500 and a profit at 22,000.
- Add a stop-loss at 18,000.
BTC/USD remained below key 20,000 support over the weekend as investors battled a more hawkish Federal Reserve bid for Bitcoin and other risky assets.
It is trading at $19,100, which is about 41% below its June high this year.
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