Bitcoin price prediction: Daily confluence detector shows strongest resistance level at $10,450
|- BTC/USD is priced at $10,100 following three straight bearish days.
- One healthy support line lies at $10,080.
BTC/USD managed to have a bearish start to Wednesday following three straight bearish days. Over the last three days, the price of BTC/USD went down from $10,495 to $10,100. The hourly breakdown of Tuesday shows that the price fell from $10,190.45 to $9,930 within one hour before the bulls stepped in to correct the price.
BTC/USD daily confluence detector
There are two resistance levels on the upside at $10,280 and $10,450. $10,280 has the 10-day simple moving average (SMA 10), SMA 50, SMA 100 and SMA 200 curves, while $10,450 has the SMA 5, SMA 50 and SMA 200 curves. On the downside, healthy support level lies at $10,080, which has the SMA 5, SMA 10, 1-day pivot point support 1, 15-min Bollinger band middle curve, 1-week Fibonacci 61.8% retracement level.
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.