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.
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
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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.