18.7 C
10 August 2022
Image default

Bitcoin Price Prediction: BTC?USD bulls take charge as daily confluence detector shows lack of strong resistance levels

  • BTC/USD bulls took charge in the early hours of Wednesday as price peaked above $9,800.
  • BTC/USD has one healthy support level at $9750.

BTC/USD daily confluence detector


BTC/USD went up from $9,779.25 to $9,806.65 in the early hours of Wednesday. As per the daily confluence detector, There are no strong resistance levels of note on the upside. On the downside, healthy support lies at $9,750.

The $9,750 level has the 4-hour SMA 5, one-day SMA 5, one-day SMA 10,  15-min SMA 50, one-hour SMA 50, 4-hour SMA 50, 15-min SMA 200, one-hour SMA 200,  one-week Fibonacci 38.2% retracement level, 15-min Bollinger Band lower curve, one-hour Bollinger Band middle curve and 4-hour Bollinger Band middle curve.

News Source

Related posts

FinCEN unveils new rule for regulating Bitcoin and crypto wallets


Upcoming 24 Hours Could Be Very Crucial For Bitcoin(BTC) Price, Know Why?


Bitcoin exodus: OKEx users move crypto off exchange as withdrawals resume