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BTC/USD: Double-Bottom Forms as Bitcoin Risks Rise
Bullish view Buy the BTC/USD pair and set a take-profit at 65,000. Add a stop-loss at 54,000. Timeline: 1-2 days. Bearish view Sell the BTC/USD pair and set a take-profit at 54,000. Add a stop-loss at 65,000. The BTC/USD pair has remained inside a tight range on Monday as investors reacted to several moving parts in the crypto industry. Bitcoin was trading at $60,000 inside a narrow range it has remained at in the past few days. It remains much lower than the all-time high of $126,300.The BTC/USD pair has come under pressure in the past few days as investors react to some major events. One of the key risks is that ... (full story)
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