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BTC/USD: Shooting Star Points to a Crash to 110,000
Bearish view Sell the BTC/USD pair and set a take-profit at 110,000. Add a stop-loss at 123,000. Timeline: 1-2 days. Bullish view Buy the BTC/USD pair and set a take-profit at 123,000. Add a stop-loss at 110,000. Bitcoin price pulled back in the overnight session as traders began to book profits after the recent surge and as the “Crypto Week” continued. The BTC/USD pair pulled back to 116,000, down sharply from the year-to-date high of 123,288. Bitcoin’s plunge happened even after Donald Trump started to promote the Crypto Week, where politicians in Washington are considering three key crypto-related bills. ... (full story)
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