Forex Signal For BTC/USD: Short Rebound to Bitcoin Likely 18,000 Expected
Forex Signal For BTC/USD: Short Rebound to Bitcoin Likely 18,000 Expected
The collapse of FTX, the world's second largest crypto exchange, has been the main catalyst for the BTC/USD price over the past weeks.
Bull Market Outlook,
- Buy the BTC/USD pair and make a profit of 18,000.
- Add a stop-loss at 15,700.
- Timetable: 1 day.
Forex Signal For BTC/USD: Short Rebound to Bitcoin Likely 18,000 Expected
Bear Market Outlook
- Set a sell stop at 16,000 and a take profit at 15,000.
- Add a stop-loss at 17,000.
BTC/USD rose slightly on Wednesday and Thursday mornings as more disclosures of FTX's collapse emerged, while bitcoin rose to $16,500, just above this week's low of $15,477.
It remains significantly lower than this month's high of $21,500.
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