BTCUSD is at trendline support, potential for a bouncePrice is reaction insde our pivot level at 47,786 which is in line with 61.8% Fibonacci retracement level, 61.8% Fibonacci extension level and ascending trendline support. Price could potentially bounce towards resistance at 49,720.60 which is in-line with 78.6% Fibonacci retracement level and 61.8% Fibonacci extension level. Stochastic has also further bullish momentum before coming resistance level where previous drops occurred
Alternatively, price may drop to our support at 47.052.58, which coincides with 78.6% Fibonacci retracement level, 78.6% Fibonacci extension level and horizontal overlap support.
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