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Bitcoin Approaching Its Support, Prepare For A Breakout!

От ICmarkets
Брокер
BTCUSD is approaching its support at 9208 (38.2% Fibonacci retracement, horizontal overlap support) where if it breaks this level, price could potentially fall to its support at 8447 (100% Fibonacci extension, 38.2% Fibonacci retracement, horizontal pullback support). We do have to be cautious of the intermediate support at 8796 (61.8% Fibonacci extension, horizontal swing low support).
Stochastic (34, 5, 3) is approaching its resistance at 96% where a corresponding reversal drop could happen.
Bitcoin (Cryptocurrency)BTCBTCUSDbtcusdshortChart PatternsForexforexsignalsHarmonic PatternsTrend AnalysisUSD
ICmarkets
Брокер
IC Markets is an online forex broker specialized in providing transparent trading solutions to both retail and institutional investors alike. We provide superior execution technology, lower spreads and unrivaled liquidity.
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