• BTC/USD faces no strong resistance levels on the upside.
  • Healthy support for the price lies at $8,700

BTC/USD daily confluence detector

fxsoriginal

BTC/USD fell from $9,210.14 to $9,194 in the early hours of Thursday, following a heavily bullish Wednesday wherein it jumped back above the $9,000 zone. Despite the bearish action, the price seems set for a takeoff. There is a lack of a strong resistance level on the upside, while healthy support lies at $8,700, which has the one-day Previous Low, one-month Fibonacci 23.6% retracement level, one-day Pivot Point support-one and one-week Pivot Point support-one.
 


Note: All information on this page is subject to change. The use of this website constitutes acceptance of our user agreement. Please read our privacy policy and legal disclaimer. Opinions expressed at FXstreet.com are those of the individual authors and do not necessarily represent the opinion of FXstreet.com or its management. Risk Disclosure: Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to invest in foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts.

Recommended content


Recommended Content

Editors’ Picks

BTC, ETH and XRP rallies as Trump announces ‘Crypto Strategic Reserve’

BTC, ETH and XRP rallies as Trump announces ‘Crypto Strategic Reserve’

Bitcoin price hovers around $93,000 on Monday after rallying 9.53% the previous day. Ethereum and Ripple prices followed BTC’s footsteps and rallied nearly 14% and 35% on Sunday. This spike in prices was triggered by Donald Trump’s announcement on his Truth Social platform of a US ‘Crypto Strategic Reserve’

More Cryptocurrencies News
Bitcoin bows into the weekend following tensions from Trump-Zelensky meeting

Bitcoin bows into the weekend following tensions from Trump-Zelensky meeting

US President Donald Trump met with Ukrainian President Volodymyr Zelensky on Friday to discuss potential solutions for ending Ukraine's war with Russia. The fallout from the discussion immediately impacted the crypto markets, with Bitcoin (BTC) failing to recover the $85,000 level at the press time.

More Bitcoin News
Bitcoin Cash price rallies 7% as BTC, ETH, XRP struggle: What follows?

Bitcoin Cash price rallies 7% as BTC, ETH, XRP struggle: What follows?

Bitcoin Cash (BCH) was one of the top-performing crypto assets on Friday, defying the bearish market sentiment to score 7% gains. On-chain data suggests the rally could be short-lived with miners actively offloading their reserves. 

More Bitcoin Cash News
Ethereum Price Forecast: ETH long-term holders and whales join retailers in selling activity

Ethereum Price Forecast: ETH long-term holders and whales join retailers in selling activity

Ethereum (ETH) is down 2% on Friday as long-term holders and whales joined small-scale retailers in broadening the selling activity.

More Ethereum News
Bitcoin: BTC bloodbath continues, near 30% down from its ATH

Bitcoin: BTC bloodbath continues, near 30% down from its ATH

Bitcoin (BTC) price extends its decline and trades below $80,000 at the time of writing on Friday, falling over 15% so far this week. This price correction wiped $660 billion of market capitalization from the overall crypto market and saw $3.68 billion in total liquidations this week.

Read full analysis
The Best brokers to trade EUR/USD

The Best brokers to trade EUR/USD

SPONSORED Discover the top brokers for trading EUR/USD in 2025. Our list features brokers with competitive spreads, fast execution, and powerful platforms. Whether you're a beginner or an expert, find the right partner to navigate the dynamic Forex market.

Read More

BTC

ETH

XRP