BitcoinLong
Bitcoin approaching major support, potential for a bounce!
Bitcoin is fat approaching major support at 9119 which is a fibonacci retracement, extension and pullback support level. At the same time, we can see strong bullish divergence vs price which is always a good precursor of a potential bounce.
Our major resistance is at 11813 which is our 50% Fibonacci retracement and horizontal overlap resistance level.
Our major resistance is at 11813 which is our 50% Fibonacci retracement and horizontal overlap resistance level.
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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.