Forex Signal For BTC/USD: Possible Short Rebound Expected.
Forex Signal For BTC/USD: Possible Short Rebound Expected.
While the
BTC/USD price has dropped this year for a variety of reasons, firstly, the cryptocurrency, just like stocks and commodities, has fallen due to the actions of the Federal Reserve.
Bull Market Outlook
- Buy the BTC/USD pair and take profit at 17,500.
- Add a stop-loss at 16,000.
- Timeline: 1 day.
Forex Signal For BTC/USD: Possible Short Rebound Expected.
Bear Market Outlook
- Set sell stop at 16,357 and take profit at 15,500.
- Add a stop-loss at 17,500.
Bitcoin/USD price remains in consolidation over the weekend as demand for digital currencies remains tight, while bitcoin is trading at $16,520, where it has been for the past few days.
It fell more than 70% this year, providing a market cap of over $317 billion.
You may also be interested in: