Forex Signal For BTC/USD: Persistent Weakness in the Short Term
Forex Signal For BTC/USD: Persistent Weakness in the Short Term
In the near-term, bear market target of $33,383 pivot point is expected to continue bearish trend.
Bear Market Outlook
- Sell BTC/USD to get a profit of $33,383.
- Add a stop-loss at $39,372.
- Timetable: 2 days.
Forex Signal For BTC/USD: Persistent Weakness in the Short Term
Bull Market Outlook
- Set a buy-stop at $37,500 and take a profit at $40,000.
- Add a stop-loss at $37,000.
The BTC/USD pullback in the Evening session came after hitting a six-week high on Monday. Bitcoin price is currently at $37,116, which is about 8% below this week's high.
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