Rajarshi Mitra
Independent Analyst
- BTC/USD lacks strong resistance on the upside.
- On the downside, we have three healthy support levels at $11,600, $11,465 and $10,870.
BTC/USD daily confluence detector
BTC/USD is trading around $11,605 as bulls and bears wrestle for control. The daily confluence detector shows a lack of strong resistance levels on the upside. On the downside, we have three healthy support levels at $11,600, $11,465 and $10,870.
$11,600 has the one-day Previous Low and one-day Pivot Point support-one, among others. The $11,465-level is highlighted by the one-day Pivot Point support-two, Previous Week high and Previous Month high. Finally, the $10,870 support level has the one-month Fibonacci 23.6% retracement level.
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