5.4 C
25 February 2024
Image default

Bitcoin Price Prediction: BTC/USD lacks healthy support on the downside – Confluence Detector

  • BTC/USD bears take BTC/USD below the $9,230–level.
  • BTC/USD has one strong resistance level at $9,280

BTC/USD daily confluence detector

BTC/USD daily chart

BTC/USD bears took the price down from $9,236.20 to $9,228.26. The daily confluence detector shows a lack of healthy support levels on the downside. On the upside, there is one strong resistance level at $9,280. 

This $9,280–level has the one-day Fibonacci 23.6% retracement level, one-day Fibonacci 38.2% retracement level, one-week Fibonacci 38.2% retracement level, 15-min Bollinger Band middle and upper curves, 15-min Previous High, 4-hour Previous High, 15-min SMA 5, one-hour SMA 5, 4-hour SMA 5, one-day SMA 5, 15-min SMA 10, one-hour SMA 10, one-hour SMA 50, four-hour SMA 50, one-hour SMA 100 and 15-min SMA 200. 

News Source

Related posts

Under-the-Radar Catalyst Could Secretly Spark Huge Long-Term Bitcoin Rally, Says Crypto Analyst Benjamin Cowen


Bitcoin Gold (BTG) fork is not Good News! Disagreements to Vitalik Buterin


Australia’s First Crypto ETFs Received Lukewarm Receptions Amid Rising Market Volatility