BitcoinLong
Bitcoin Testing Its Ascending Channel
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.
Stochatic (34, 5, 3) is approaching its support at 6.8% where we expect to see a bounce.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.