Short

Bitcoin continues to test resistance!

Price has continued to test our resistance area at 15319 (Fibonacci extension, 61.8% to 78.6% Fibonacci retracement area, swing high resistance, bearish bat formation) and a strong drop could occur from this level to push price down to at least 12915 support (Fibonacci retracement, horizontal swing low support).

Stochastic (24,5,3) is seeing major resistance below 97% and has good downside potential.

Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.

Tickmill

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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