Bullish View
- Set a buy-stop at 24,000 and a take-profit at 25,000.
- Add a stop-loss at 23,000.
- Timeline: 1-2 days.
Bearish View
- Set a sell-stop at 23,677 and a take-profit at 22,000.
- Add a stop-loss at 25,000.
The BTC/USD price retreated to the lowest point since August 12 as demand for cryptocurrencies waned. The pair was trading at 23,865, which was lower than this week’s high of 25,205. This price is about 28% above the lowest level this year.