Bitcoin testing strong support, prepare for a potential bounce!

Price is testing our major support at 15581 (ascending support line, pullback support, 50% Fibonacci retracement, Fibonacci extension) and a bounce could occur at this level to push price up to at least 17214 resistance (Fibonacci extension, horizontal swing high resistance).

Stochastic (21,5,3) is seeing major support above 8.3% where a potential corresponding bounce could occur.

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Losses can exceed the initial investment so please ensure you fully understand the risks.