easyMarkets

BTCUSD approaching support, potential bounce!

Long
BITFINEX:BTCUSD   Bitcoin
BTCUSD is approaching our first support at 3610 (horizontal overlap support, 61.8% Fibonacci extension, 61.8% Fibonacci retracement) where a potential bounce might occur pushing price up to our major resistance at 4302 (horizontal swing high resistance, 61.8% fibonacci extension).

Stochastic (34, 5, 3) is approaching support where we might see a potential bounce in price.

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