Bitcoin
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BTCUSD approaching resistance, potential drop!

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BTCUSD is approaching our first resistance at 3997 (horizontal swing high resistance, 61.8% Fibonacci extension, 50% Fibonacci retracement, descending channel resistance) where a strong drop might occur pushing price down to our major support at 3369 (100% Fibonacci extension). A break below our intermediate support level might provide the bearish acceleration to our major support target.
Stochastic (34,5,3) is also approaching resistance where we might see a corresponding drop in price.

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