Tickmill

Bitcoin testing major resistance!

Short
BITSTAMP:BTCUSD   Bitcoin
BTCUSD is seeing major resistance at 17347 (Multiple swing high resistance, Short term Fibonacci extension, Long term Fibonacci extension) and a strong reaction could occur at this level with the next major support being at 15975 (Fibonacci retracement, horizontal overlap support, price action rejection.

This analysis is provided as general market commentary and does not constitute investment advice. Past performance is not indicative of future results
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