BTC/USD Forex Signal: Drop to 20,000 Can’t be Ruled Out

Bearish view

  • Sell the BTC/USD pair and set a take-profit at 20,000.
  • Add a stop-loss at 23,000.
  • Timeline: 1-2 days.

Bullish view

  • Set a buy-stop at 22,000 and a take-profit at 23,000.
  • Add a stop-loss at 21,000.

The BTC/USD price pulled back slightly after last week’s strong sell-off. The pair dropped from this month’s high of 25,168 to a low of 20,699 as the bullish momentum faded. It was trading at 21,460, giving Bitcoin a market cap of over $410 billion.

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