Bitcoin Price Forecast: BTC/USD faces stiff resistance at $11,400 – Confluence Detector
|BTC/USD daily confluence detector
BTC/USD fell from $11,908.70 to $11,097.65 in the early hours of Thursday. The daily confluence detector shows one strong resistance and support level at $11,400 and $11,050. The $11,400 resistance level has the one-week Fibonacci 161.8% retracement level. The $11,050 support level has the 15-min Bollinger Band lower curve and one-month Pivot Point resistance-two.
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