Bitcoin bouncing nicely from support, potential for further rise

Bitcoin has dropped to our 1st major support as forecasted and is now bouncing off it strongly. Our 1st support is at 10319 ( Fibonacci retracement , horizontal overlap support) and our major resistance is at 12970 ( Fibonacci retracement , horizontal overlap resistance, Fibonacci extension ).

Stochastic (34,5,3) is seeing a nice bounce above 7.2% support with good upside potential.

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This analysis is provided as general market commentary and does not constitute investment advice.
Check your 50 ema and 200 ema on the hourly. Those are your support and resistance.
Also the 240min shows the 200ema converged with the 50 ema which built a hulking support at 10200.
10850 is your resistance made of steel. Going to be a trading channel.
Do you see it dropping to the 2nd support at all or is the bullish now?
Nice one
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