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Bitcoin approaching major support, potential for a bounce!

Oleh ICmarkets
Broker
Bitcoin is fat approaching major support at 9119 which is a fibonacci retracement, extension and pullback support level. At the same time, we can see strong bullish divergence vs price which is always a good precursor of a potential bounce.

Our major resistance is at 11813 which is our 50% Fibonacci retracement and horizontal overlap resistance level.
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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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