BTCUSD approaching support, potential bounce!
BTCUSD is approaching our first support at 3667 (horizontal overlap support, 61.8% Fibonacci retracement, 61.8% Fibonacci extension) where a strong bounce might occur pushing price up to our major resistance at 4096 (horizontal swing high resistance, 100% fibonacci extension, 61.8% fibonacci retracement).
RSI (34) is also approaching our support where we might see a corresponding bounce in price.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
RSI (34) is also approaching our support where we might see a corresponding bounce in price.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
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