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Bitcoin Testing Its Ascending Channel

Oleh ICmarkets
Broker
We see BTCUSD being held up by its ascending channel where it could potentially rise further. It is approaching its support at 8467 (61.8% Fibonacci retracement, 38.2% Fibonacci retracement, horizontal pullback support) where price bounce off and rise to its resistance at 9719 (100% Fibonacci extension, 61.8% Fibonacci extension, horizontal swing high resistance).
Stochatic (34, 5, 3) is approaching its support at 6.8% where we expect to see a bounce.
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ICmarkets
Broker
IC Markets is an online forex broker specialized in providing transparent trading solutions to both retail and institutional investors alike. We provide superior execution technology, lower spreads and unrivaled liquidity.
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