Rajarshi Mitra
Independent Analyst
- BTC/USD bulls took charge of the market in the early hours of Saturday.
- BTC/USD has one healthy support level at $9,525.
BTC/USD daily confluence detector
BTC/USD went up from $9,551.0 to $9,570. The daily confluence detector shows a lack of strong resistance level, so more price growth is expected. The bulls presently have a clear path back to the $10,000-level. As such, a return to those levels isn’t completely out of the question. On the downside, there is a healthy support level at $9,525
This $9,525 level has the one-day SMA 5, one-week Fibonacci 38.2% retracement level, one-day Pivot Point support-one, and one day Previous Low.
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