BTCUSD facing bullish pressure from ascending trend line in line with horizontal overlap support in line with 78.6% Fibonacci retracement and 161.8% Fibonacci extension. Prices might push up towards 100% Fibonacci extension and 127.2% Fibonacci retracement Fibonacci confluence zone. EMA is also below prices, showing a bullish pressure for prices. If prices push down, prices might take support on horizontal swing low support in line with 61.8% Fibonacci extension and 78.6% Fibonacci retracement.
from Tickmill Expert Blog - Forex Traders Blog https://www.tickmill.com/blog/btcusd-potential-for-further-upside"
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