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25 February 2024
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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. 

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