Forex Signal For BTC/USD: With Reaching 21,000 Expected Relief
Forex Signal For BTC/USD: With Reaching 21,000 Expected Relief
Bitcoin will likely continue the pullback as investors buy the dip. In that case, it is likely to retest the lower end of the slope.
Bull Market Outlook
- Buy the BTC/USD pair and take a profit at 21,200.
- Add a stop-loss at 19,500.
- Timetable: 1-2 days.
Forex Signal For BTC/USD: With Reaching 21,000 Expected Relief
Bear Market Outlook
- Take a sell stop at 19,500 and a profit at 18,500.
- Add a stop-loss at 21,000.
The US dollar index rose to its highest level in over 20 years, while BTC/USD price dropped below the key support at 20,000. It later recouped some of those losses and is trading at 20,200, just above this week's low of 19,500.
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