Bitcoin testing major support, watch for a potential bounce!

BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
Bitcoin             is now testing major support at 8108 ( ABC Fibonacci extension , 61.8% Fibonacci extension , horizontal swing low support) and a potential bounce could occur at this level to drive price up to at least 11822 ( Fibonacci extension , Fibonacci retracement, horizontal swing high resistance).

Stochastic (55,5,3) is seeing major support above 7.7% where a corresponding bounce could occur.

Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
Guys, get more real-time updates on our trading ideas here : https://t.me/tickmillroom

This analysis is provided as general market commentary and does not constitute investment advice.
any updates? :)
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