Bitcoin approaching major support, watch for a potential bounce!
Bitcoin is dropping nicely towards major support at 7648 (Fibonacci extension, Fibonacci retracement, horizontal swing low support) and a strong bounce could occur at this level to push prices up to major resistance at 8103 (Fibonacci retracement, horizontal pullback resistance).
Stochastic (55,5,3) is seeing major support above 10% 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.
Stochastic (55,5,3) is seeing major support above 10% 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.
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