Bitcoin dropping strongly and is fast approaching support!

Bitcoin has dropped strongly and is fast approaching major support at 15455 (38.2% Fibonacci retracement, 61.8% Fibonacci retracement, horizontal overlap support, bullish divergence) and a possible bounce could occur at this level. Our next major level of resistance is at 17929 (Fibonacci retracement, horizontal overlap resistance) and our next major level of support is at 13902 (Fibonacci retracement, horizontal swing low support).

Stochastic (34,5,3) is seeing major support at 12% and a possible corresponding bounce could occur at this level. We’re also seeing bullish divergence vs price.

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