BTCUSD approaching support, potential bounce!

BTCUSD is approaching our first support at 2988 (61.8% Fibonacci extension, horizontal overlap support) where a strong bounce might occur above this level pushing price to our major resistance at 3680 (100% Fibonacci extension, 50% Fibonacci retracement, horizontal pullback resistance.

Stochastic (89,5,3) is also approaching support and we might see a corresponding bounce in price.

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