Bitcoin testing major support, watch for a potential bounce!
Bitcoin is now testing major support at 8108 (ABC Fibonacci extension, 61.8% Fibonacci extension, horizontal swing low support) and a potential bounce could occur at this level to drive price up to at least 11822 (Fibonacci extension, Fibonacci retracement, horizontal swing high resistance).
Stochastic (55,5,3) is seeing major support above 7.7% 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.
Stochastic (55,5,3) is seeing major support above 7.7% 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.
This analysis is provided as general market commentary and does not constitute investment advice. Past performance is not indicative of future results