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Bitcoin Testing Its Ascending Channel
We see BTCUSD being held up by its ascending channel where it could potentially rise further. It is approaching its support at 8467 (61.8% Fibonacci retracement, 38.2% Fibonacci retracement, horizontal pullback support) where price bounce off and rise to its resistance at 9719 (100% Fibonacci extension, 61.8% Fibonacci extension, horizontal swing high resistance).
Stochatic (34, 5, 3) is approaching its support at 6.8% where we expect to see a bounce.
Stochatic (34, 5, 3) is approaching its support at 6.8% where we expect to see a bounce.
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