Forex Signal For BTC/USD: Pair Is Still In A Certain Range, But A Breakout Is Also Possible!
Forex Signal For BTC/USD: Pair Is Still In A Certain Range, But A Breakout Is Also Possible!
The pair is likely to hover in these ranges today and it will likely fall as low as the $31,500 triangle support level.
Bear Market Outlook
- Sell BTC/USD to take a profit at 31,500.
- Add a stop-loss at 34,500.
- Timetable: For 1-2 days.
Forex Signal For BTC/USD: Pair Is Still In A Certain Range, But A Breakout Is Also Possible!
Bull Market Outlook
- Set a buy-stop at 34,000 and a win at 36,000.
- Add a stop-loss at 33,000.
BTC/USD is in a tight range as traders contemplate the next major moves. Bitcoin is trading at $33,200 with Wednesday's high below $34,000. The leading crypto has a market cap of more than $626 billion.
You may also be interested in: