Forex Signal For BTC/USD: Range Limited But Breakout Possible.
Forex Signal For BTC/USD: Range Limited But Breakout Possible.
The pair will likely stay in this range today.
Bear Market Outlook
- Sell BTC/USD and set a take profit at 45,700.
- Add a stop-loss at 48,000.
- Timetable: 1-2 days.
Forex Signal For BTC/USD: Range Limited But Breakout Possible.
Bull Market Outlook
- Set a buy-stop at 47,000 and take profit at 49,000.
- Add a stop-loss at 45,700.
The
BTC/USD pair is trading at 46,865, which is about 31% below the 2021 high and is off to a sluggish start to the year as demand for Bitcoin remains low.
It's also roughly $14,000 above the 2021 level.
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