BitcoinLong
BTCUSD Is Testing Its Ascending Channel Support!
BTCUSD is testing its ascending channel support where a potential bounce on weakness at 9286 (61.8% Fibonacci retracement, horizontal pullback support) could occur, causing price to bounce up all the way to its resistance at 9972 (61.8% Fibonacci extension, horizontal swing high resistance).
RSI (34) is approaching its descending support line where a corresponding bounce is expected.
RSI (34) is approaching its descending support line where a corresponding bounce is expected.
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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.