BTCUSD broke out of its descending line, potential to rise!
Price broke out of its descending resistance-turned-support line and it is now testing its support at 6954 (61.8% Fibonacci extension, horizontal swing low support) where it could potentially rise to its resistance at 7182 (61.8% Fibonacci retracement, horizontal swing high resistance). If it breaks past that resistance, it could rise further to its 2nd resistance at 7499 (horizontal swing high resistance).
Stochastic (55, 5, 3) approaching its support at 3.2% before making a bounce up.
Stochastic (55, 5, 3) approaching its support at 3.2% before making a bounce up.
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