Bitcoin Price Prediction: BTC/USD lacks healthy support on the downside – Confluence Detector
- BTC/USD bears take BTC/USD below the $9,230–level.
- BTC/USD has one strong resistance level at $9,280
BTC/USD daily confluence detector
BTC/USD bears took the price down from $9,236.20 to $9,228.26. The daily confluence detector shows a lack of healthy support levels on the downside. On the upside, there is one strong resistance level at $9,280.
This $9,280–level has the one-day Fibonacci 23.6% retracement level, one-day Fibonacci 38.2% retracement level, one-week Fibonacci 38.2% retracement level, 15-min Bollinger Band middle and upper curves, 15-min Previous High, 4-hour Previous High, 15-min SMA 5, one-hour SMA 5, 4-hour SMA 5, one-day SMA 5, 15-min SMA 10, one-hour SMA 10, one-hour SMA 50, four-hour SMA 50, one-hour SMA 100 and 15-min SMA 200.
Author
Rajarshi Mitra
Independent Analyst
Rajarshi entered the blockchain space in 2016. He is a blockchain researcher who has worked for Blockgeeks and has done research work for several ICOs. He gets regularly invited to give talks on the blockchain technology and cryptocurrencies.
