Forex Signal For BTC/USD: Drop To 20,000 Cannot Be Ignored
Forex Signal For BTC/USD: Drop To 20,000 Cannot Be Ignored
The pair is likely to stabilize on Monday and then continue its downtrend to 20,000.
Bear Market Outlook
- Sell the BTC/USD pair and take a profit at 20,000.
- Add a stop-loss at 23,000.
- Timetable: 1-2 days.
Forex Signal For BTC/USD: Drop To 20,000 Cannot Be Ignored
Bull Market Outlook
- Set a buy stop at 22,000 and a take profit at 23,000.
- Add a stop-loss at 21,000.
BTC/USD price dropped slightly after last week's strong sell-off, rising from this month's high of 25.168 to 20,699 and the bullish momentum waned.
It was trading at $21,460 and had a market cap of over $410 billion.
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