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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.
Bitcoin Price Prediction: Lack of support levels to hurt Bitcoin even more – Confluence Detector
Rajarshi MitraRajarshi MitraIndependent Analyst

BTC/USD daily confluence detector

fxsoriginal

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

BTC/USD

Overview
Today last price6283.71
Today Daily Change-90.66
Today Daily Change %-1.42
Today daily open6374.37
 
Trends
Daily SMA206302.13
Daily SMA508222.51
Daily SMA1008213.42
Daily SMA2008330.05
 
Levels
Previous Daily High6874.75
Previous Daily Low6272.67
Previous Weekly High6983.8
Previous Weekly Low5683.95
Previous Monthly High10511.86
Previous Monthly Low8431.17
Daily Fibonacci 38.2%6502.67
Daily Fibonacci 61.8%6644.76
Daily Pivot Point S16139.78
Daily Pivot Point S25905.19
Daily Pivot Point S35537.71
Daily Pivot Point R16741.86
Daily Pivot Point R27109.34
Daily Pivot Point R37343.93


 

Author

Rajarshi Mitra

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.

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