Bitcoin has continued to rise, watch for more potential upside!

Bitcoin has continued to rise nicely and we’re seeing an ascending support line hold up prices really well. Our 1st major support is at 10319 (Fibonacci retracement, horizontal overlap support, ascending support) and a strong bounce could occur at this level to further push price up towards 12970 major resistance (Fibonacci retracement, horizontal overlap resistance). Intermediate resistance is at 12198 (swing high resistance, Fibonacci retracement) which we need to keep an eye out for.

Stochastic (21,5,3) is seeing major support at 8.1% where a corresponding bounce could occur.

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