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.
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