Bitcoin Testing Its Ascending Channel, Remain Bullish

2018年4月30日

We see BTCUSD being held up by its ascending channel where it could potentially rise further. There could be a potential bounce at 9194 (38.2% Fibonacci retracement, 23.6% Fibonacci retracement, horizontal overlap support) where price could rise to its resistance at 10168 (100% Fibonacci extension, channel resistance). We do have to be cautious of the intermediate resistance at 9726 (100% Fibonacci extension, 61.8% Fibonacci retracement, horizontal swing high resistance).
Stochatic (34, 5, 3) still has some upside potential.