Forex Signal For BTC/USD: Favorable for Bearish Breakout at 18,500
Forex Signal For BTC/USD: Favorable for Bearish Breakout at 18,500
The
BTC/USD price continued to decline even after the latest US employment figures released on Friday.
Bear Market Outlook
- Take a sell stop at 19,520 and a profit at 18,500.
- Add a stop-loss at 21,000.
- Timetable: 1-2 days.
Forex Signal For BTC/USD: Favorable for Bearish Breakout at 18,500
Bull Market Outlook
- Take a buy stop at 20,400 and a profit at 22,000.
- Add a stop-loss at 18,000.
Bitcoin was trading at $19,735, just above the August low of $19,553 as the BTC/USD pair remained below the key support level of 20,000 amid demand concerns. In fact, by 2022 it has dropped more than 50%.
You may also be interested in: