Forex Signal For BTC/USD: Likely To Reduce To 38k
Forex Signal For BTC/USD: Likely To Reduce To 38k
As bears target key support at 38,000, the party will likely continue to decline.
Bear Market View
- Sell the BTC/USD pair and earn 38,000 base points.
- Add a stop-loss to 42,000.
- Timeline: One or two days.
Forex Signal For BTC/USD: Likely To Reduce To 38k
Bull Market View
- Buy-stop for 41,500 and profit for 43,500.
- Add a stop-loss to 39,000.
Following strong US consumer inflation data, the BTC/USD duo remains a bit slow, with a support level of 40,000 and a record low of 48,000 this month.
The highest level of all time is almost 70,000.
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