Forex Signal For BTC/USD: Preparing for a Big Crash
Forex Signal For BTC/USD: Preparing for a Big Crash
BTC/USD price has been struggling lately as global risks remain at a high level.
Bear Market Outlook
- Sell the BTC/USD pair and take profit at 18,000.
- Add a stop-loss at 21,000.
- Timetable: 1-2 days.
Forex Signal For BTC/USD: Preparing for a Big Crash
Bull Market Outlook
- Take a buy stop at 20,500 and a profit at 22,000.
- Add a stop-loss at 19,000.
BTC/USD has come under intense pressure as global risks escalate as the price moves sideways and the US dollar rally continues. According to CoinGecko, the pair remained below the key support level of 20,000, while the prices of most cryptocurrencies fell, bringing the total market cap to just over $1 trillion.
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