Bitcoin is dropping really strongly and is approaching major support at 9109 (Multiple Fibonacci retracement, horizontal overlap support, Fibonacci extension) and a strong bounce could occur at this level to push price up to at least 11772 resistance (Fibonacci extension, horizontal swing high resistance).
Stochastic (34,5,3) is seeing major support at 7.2% and a corresponding bounce could occur at this level.
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This analysis is provided as general market commentary and does not constitute investment advice. Past performance is not indicative of future results