BTC trapped: USD, oil, and the Fed are putting pressure on cryptocurrencies
After another attempt to regain ground, the BTCUSD price is forming a correction and is hovering around 63,000 USD.
Technical outlook
On the H4 chart, BTCUSD formed a Shooting Star reversal pattern near the upper Bollinger Band. At this stage, quotes may continue the corrective wave as the signal plays out, with the downside target at the 61,730 support level.
Today’s Bitcoin price forecast is not favourable for the cryptocurrency.
Read more - BTCUSD Forecast
Attention!
Forecasts presented in this section only reflect the author’s private opinion and should not be considered as guidance for trading. RoboForex bears no responsibility for trading results based on trading recommendations described in these analytical reviews.
Sincerely,
The RoboForex Team


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