BTC/USD Forex Signal: Consolidating Above $42,446

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BTC/USD Forex Signal: Consolidating Above $42,446
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Bitcoin continues to look less bullish than Ethereum bitcoinusa bitcoinprice forexsignals

I wrote on Thursday last week that although there were bearish signs in the short-term price action and new lower resistance levels, the pattern of higher lows and the holding of support near $30k also gave reasons for a bullish case. I thought that swing and longer-term traders should be looking for a long trade from a bullish bounce at $35,583 which might set up later. Unfortunately, this did not quite set up, but the price got near that level and has risen since then.

If the price can breakout beyond this range and get established above $46,000, that will be a bullish sign that the price is likely to head towards $48,455 later.Top Forex Brokers

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