Bitcoin has dropped completely flawlessly to our major support level as expected. We now observe our first significant help at 8890 (Multiple ABC Fibonacci extension , horizontal swing low support) and a solid bounce could happen at this level to push cost up to no less than 11970 protection ( Fibonacci retracement , horizontal swing high resistance).
Stochastic (34,5,3) is seeing major support above 7.7% .
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This Analysis is provided as ( General Market Commentary ) and does not Constitute investment Advice.