fxs_header_sponsor_anchor

Bitcoin Price Prediction: Lack of support levels to hurt Bitcoin even more – Confluence Detector

  • BTC/USD fell from $6,75,68 to $6,377.83 this Friday.
  • There are two strong resistance levels at $6,280 and $6,315.

BTC/USD daily confluence detector

BTC/USD has fallen from $6,377.83 to $6,277 so far in the early hours of Saturday. The daily confluence detector shows a lack of any healthy support levels, so a further drop is expected. On the upside, there are strong resistance levels at $6,280 and $6,315. The former has the one-hour, 4-hour, and one-day Previous Lows, while the latter has the SMA 5 and one-day Bollinger Band.

Key Levels


 

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.


RELATED CONTENT

Loading ...



Copyright © 2024 FOREXSTREET S.L., All rights reserved.