Forex Signal For BTC/USD: Negative Signs Increasing Amid Contagion Risks.
Forex Signal For BTC/USD: Negative Signs Increasing Amid Contagion Risks.
Bitcoin fell below the 25-day and 50-day moving average and the Ichimoku cloud (the curve that provides a clearer picture of price action).
Bear Market Outlook
- Sell the BTC/USD pair and take profit at 14,500.
- Add a stop-loss at 17,000.
- Timeline: 1 day.
Forex Signal For BTC/USD: Negative Signs Increasing Amid Contagion Risks.
Bull Market Outlook
- Buy the BTC/USD pair and take a profit at 17,500.
- Add a stop-loss at 14,500.
BTC/USD price slumped below 16,000 amid rising contagion risks in the cryptocurrency industry, while Bitcoin slumped to a two-year low of 15,501, roughly 24% below this month's high.
Other altcoins such as Solana, Ethereum, and FTT fell faster.
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