BTCUSD is approaching our first support at 6830 (horizontal pullback support, 61.8% Fibonacci retracement) where a strong bounce might occur above this level pushing price up to our major resistance at 7230 (horizontal pullback resistance, 23.6% Fibonacci retracement, 100% Fibonacci extension).
Stochastic (89,5,3) is also approaching support and we might see a corresponding rise in price should it bounce off this level.
Stochastic (89,5,3) is also approaching support and we might see a corresponding rise in price should it bounce off this level.