Forex Signal For BTC/USD: Uptrend Towards $50,000
Forex Signal For BTC/USD: Uptrend Towards $50,000
The pair will likely rebound as traders target the next key resistance level at $50,000 as the momentum returns.
Bull Market Outlook
- Set to take a profit at BTC/USD 45,000 buy-stop 50,000.
- Add a stop-loss at 40,000.
- Timetable: 5 days.
Forex Signal For BTC/USD: Uptrend Towards $50,000
Bear market Outlook
- Set to take a Sat-stop at 43,000 and a profit at 40,000.
- Add a stop-loss at 45,000 as well.
BTC/USD recorded a remarkable recovery over the weekend as demand for the coin remained stable. Bitcoin price has risen above $45,000, a remarkable performance since it dropped below $30,000 in July.,
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