Bitcoin testing major support, potential for a bounce!

Bitcoin is now testing major support at 9032 (Fibonacci retracement, horizontal overlap support) and a strong bounce could occur at this level to push price all the way up to major resistance at 1172. If it breaks this level, then the next major support is at 8181 (Fibonacci retracement, horizontal swing low support).

Stochastic (34,5,3) is seeing major spport at 3.1% where a corresponding bounce could occur.

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