Bearish view
- Sell the BTC/USD pair and set a take-profit at 18,500.
- Add a stop-loss at 20,500.
- Timeline: 1-2 days.
Bullish view
- Set a buy-stop at 20,500 and a take-profit at 21,500.
- Add a stop-loss at 18,000.
The BTC/USD currency pair continued slumping on Monday morning as the recent sell-off continued. Bitcoin dropped to a low of $19,788, which was the lowest level since July 14 of this year. It has fallen by more than 20% from the highest point this month.