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Bitcoin testing major support, watch for a potential bounce!

Long
Bitcoin (BITFINEX:BTCUSD)  
Tickmill Broker  
BITFINEX:BTCUSD   Bitcoin
Trend Analysis Harmonic Patterns Chart Patterns BTCUSD btcusdshort btcusdlong Bitcoin (Cryptocurrency) bitcoinshort bitcoinlong bitcoinidea Cryptocurrency crypto
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trendanalysis harmonicpatterns chartpattern btcusd btcusdshort btcusdlong bitcoin bitcoinshort bitcoinlong bitcoinidea cryptocurrency crypto
Bitcoin is now testing major support at 8108 (ABC Fibonacci extension, 61.8% Fibonacci extension, horizontal swing low support) and a potential bounce could occur at this level to drive price up to at least 11822 (Fibonacci extension, Fibonacci retracement, horizontal swing high resistance).

Stochastic (55,5,3) is seeing major support above 7.7% where a corresponding bounce could occur.

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This analysis is provided as general market commentary and does not constitute investment advice. Past performance is not indicative of future results
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