BTCUSD approaching horizontal pullback support in line with 50% Fibonacci retracement and 61.8% Fibonacci extension. Prices might push up towards horizontal swing high resistance in line with 50% Fibonacci extension. MACD is also showing bullish pressures. If prices continue to push down, prices might take support on horizontal overlap support in line with 61.8% Fibonacci retracement and 78.6% Fibonacci extension.
from Tickmill Expert Blog - Forex Traders Blog https://www.tickmill.com/blog/btcusd-approaching-support-potential-for-bounce"
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