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Bitcoin on major support, potential bounce!

Oleh Tickmill
Broker
Bitcoin is seeing major support at 12953 (ABC Fibonacci extension, horizontal swing low support) and a strong bounce could occur at this level to push price up to at least 13753 resistance (Fibonacci retracement, breakout resistance level).

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

Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
Bitcoin (Cryptocurrency)bitcoinforecastbitcoinlongbitcoinshortBTCUSDbtcusdlongbtcusdshortChart PatternsCryptocurrencyHarmonic 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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