Bitcoin approaching major support, potential for a bounce!
Bitcoin is fat approaching major support at 9119 which is a fibonacci retracement, extension and pullback support level. At the same time, we can see strong bullish divergence vs price which is always a good precursor of a potential bounce.
Our major resistance is at 11813 which is our 50% Fibonacci retracement and horizontal overlap resistance level.
Our major resistance is at 11813 which is our 50% Fibonacci retracement and horizontal overlap resistance level.
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