BTCUSD bounced off support, potential for a further rise!
BTCUSD bounced off our first support at 3039 (61.8% Fibonacci extension, horizontal overlap support) where a further rise might occur above this level pushing price to our major resistance at 5026 (100% fibonacci extension , 38.2% Fibonacci retracement , horizontal overlap resistance). Stochastic (21,5,3) bounced off support and we might see a further rise in price.
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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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