Bitcoin Price Prediction: BTC/USD readies itself for weekend push to $10,000 – Confluence Detector
|- BTC/USD bulls took charge of the market in the early hours of Saturday.
- BTC/USD has one healthy support level at $9,525.
BTC/USD daily confluence detector
BTC/USD went up from $9,551.0 to $9,570. The daily confluence detector shows a lack of strong resistance level, so more price growth is expected. The bulls presently have a clear path back to the $10,000-level. As such, a return to those levels isn’t completely out of the question. On the downside, there is a healthy support level at $9,525
This $9,525 level has the one-day SMA 5, one-week Fibonacci 38.2% retracement level, one-day Pivot Point support-one, and one day Previous Low.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.