Forex Signal For BTC/USD: Not Yet in the Buying Zone
Forex Signal For BTC/USD: Not Yet in the Buying Zone
While the rebound may continue, a clear rally will be confirmed if the price rises above the Ichimoku cloud.
Bull Market Outlook
- Set a buy-stop at 44,000 and a take profit at 46,000.
- Add a stop-loss at 42,000.
- Timetable: 1-2 days.
Forex Signal For BTC/USD: Not Yet in the Buying Zone
Bear Market Outlook
- Set a sat-stop at 42,000 and take profit at 40,000.
- Add a stop-loss at 43,000.
BTC/USD recovered some of its lows from last Friday as investors reflected on the Chinese central bank's latest order. The pair is trading at 43,350, which is about 7% above Friday's low.
Currently, the market value of the coin hovers around $816 billion.
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