BitcoinLong
Bitcoin Testing Its Ascending Channel, Remain Bullish
We see BTCUSD being held up by its ascending channel where it could potentially rise further. There could be a potential bounce at 9194 (38.2% Fibonacci retracement, 23.6% Fibonacci retracement, horizontal overlap support) where price could rise to its resistance at 10168 (100% Fibonacci extension, channel resistance). We do have to be cautious of the intermediate resistance at 9726 (100% Fibonacci extension, 61.8% Fibonacci retracement, horizontal swing high resistance).
Stochatic (34, 5, 3) still has some upside potential.
Stochatic (34, 5, 3) still has some upside potential.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.