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Bitcoin price forecast, why sell at $51500 – $52000, may decline to $38000 – $39000 📉📊

February 17, 2024
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  • Present Place: Bitcoin hovers round $51,615, going through double resistance. 🚫📈
  • Market Motion: Current break from a bullish sample, now at a pivotal bearish juncture. 📉🐻
  • Commerce Technique: Bearish bias with a stop-loss above $54,300 for danger administration. 🛑💡
  • Place Sizing: Alter measurement for an optimum reward-to-risk ratio; goal for significant earnings. ⚖️💼
  • Revenue Targets: First partial revenue at a cautious 1.32 reward-to-risk, with a long-term goal beneath $50,000. 🎯💵
  • Changes: Refine stop-loss and targets for a possible common ratio of 1.65, enhancing commerce viability. 🔧📊
  • Danger Mitigation: For non-traders, take into account lowering publicity to mitigate danger at this unsure juncture. 🛡️👀

This snapshot offers a strategic outlook for navigating Bitcoin’s volatility. Keep in mind, commerce properly and at your individual danger. For extra detailed steerage and updates, in addition to different views, comply with ForexLive.com. 🌐💡

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