Bitcoin approaching major support, watch for a potential bounce!

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Bitcoin is dropping nicely towards major support at 7648 (Fibonacci extension, Fibonacci retracement, horizontal swing low support) and a strong bounce could occur at this level to push prices up to major resistance at 8103 (Fibonacci retracement, horizontal pullback resistance).
Stochastic (55,5,3) is seeing major support above 10% where a corresponding bounce could occur.

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