Bitcoin Bounce Incoming? We look to Buy at 39505 (stop at 38888)
Intraday - We look to Buy at 39505 (stop at 38888)
Trend line support is located at 41148. The spike lower found buying interest and prices moved quickly higher. We are trading at oversold extremes. Prices expected to stall near trend line support. Early pessimism is likely to lead to losses although extended attempts lower are expected to fail.
Our profit targets will be 41148 and 42048
Resistance: 41000 / 42000 / 43000
Support: 39500 / 39000 / 38000
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