Bitcoin (BTC) Price Watch: Potential Bounce Targets

Bitcoin Price Key Highlights

Bitcoin price is still inside its short-term ascending channel but is on its way to test support. If the near-term floor holds, the Fibonacci extension tool on this pullback shows the potential upside targets. Technical indicators are suggesting that the rally could carry on from here.

Bitcoin price looks prime for a bounce off its short-term channel bottom and might recover to the Fib extension levels.

Technical Indicators Signals

The 100 SMA is above the...

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