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Bitcoin on major support, potential bounce!

Oleh Tickmill
Broker

Bitcoin is seeing major support at 10427 (ABC Fibonacci extension, major 50% Fibonacci retracement) and a bounce could occur at this level pushing price up to at least 12844 (38.2% Fibonacci retracement, horizontal pullback resistance) before 14488 (61.8% Fibonacci retracement, horizontal swing high resistance).

Stochastic (34,5,3) is seeing major support above 7.6% where a corresponding bounce could occur.

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Bitcoin (Cryptocurrency)bitcoinforecastbitcoinlongbitcoinshortBTCUSDbtcusdforecastbtcusdlongbtcusdshortChart PatternscrytocurrrencyHarmonic PatternsTrend Analysis
Tickmill
Broker
This analysis is provided as general market commentary and does not constitute investment advice. Past performance is not indicative of future results
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