$BTCUSD Forex Signal: Sell-Off Eases as it Nears Key Support Level Bitcoin
Set a buy-stop at 28,200 and a take-profit at 30,000.The BTC/USD pair sell-off continued as concerns about Biitcoin’s high fees and slow speed continued. Bitcoin retreated to a low of 27,562, the lowest level since April 27. The pair has fallen by over 10% from the year-to-date high. Its alternatives like Bitcoin Cash, Bitcoin SV, and Litecoin jumped.The BTC/USD pair has been in a slow bullish trend after it crashed to a low of 15,765 in November last year.
In the long term, however, Bitcoin will likely continue rising as buyers target the 38.6% retracement point at 35,804.
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