BitcoinLong
Bitcoin Testing Its Ascending Channel
We see BTCUSD being held up by its ascending channel where it could potentially rise further. There could be a potential bounce on weakness at 8937 (38.2% Fibonacci retracement, horizontal overlap support) where price could rise to its resistance at 9726 (100% Fibonacci extension, 61.8% Fibonacci retracement, horizontal swing high resistance). If it surpasses that level, it could rise to 9946 (61.8% Fibonacci extension, long term 61.8% Fibonacci extension).
Stochatic (34, 5, 3) is approaching its support at 6.8% where we expect to see a bounce.
Stochatic (34, 5, 3) is approaching its support at 6.8% where we expect to see a bounce.
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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.