- BTC/USD bulls still can’t breach past $4,000 as price stuck at $3,990.
- BTC/USD price is stuck in between strong levels of resistance and support which hampers further movement.
BTC/USD are struggling to breach past $4,000 as the price is stuck at $3,990. BTC/USD price is stuck in between strong levels of resistance and support which hampers further movement. There is only one significant level of resistance, so if the bulls can breach past that, they have a clear path till $4,500.
BTC/USD daily confluence detector
The BTC/USD daily confluence detector shows only one strong resistance level at $4,025. The confluence at that level is as follows - Hourly previous low, 10-day simple moving average (SMA 10), SMA 5, 15-min previous high, 4-hour Bollinger band upper curve, 15-min Bollinger band middle curve, daily Bollinger band upper curve, daily 23.6% Fibonacci retracement level, hourly previous high, 161.8% weekly Fibonacci retracement level, weekly pivot point resistance 2, and 15-min Bollinger band upper curve.
The resistance levels are at $3,975, $3,950, $3,845-$3,880, and $3,825. The confluences at those levels are:
- $3,975: SMA 10, 4-hour Bollinger band middle curve, SMA 50, SMA 200, hourly Bollinger band middle curve, SMA 100, SMA 5, 4-hour previous low, 15-min Bollinger band lower curve, daily 38.2% Fibonacci retracement level, monthly 23.6% Fibonacci retracement level, and 15-min previous low.
- $3,950: Daily pivot point support 1, daily previous low, SMA 5, and 4-hour Bollinger band lower curve.
- $3,845-$3,880: Weekly pivot point support 3, daily Bollinger band middle curve, monthly 38.2% Fibonacci retracement level, weekly 61.8% Fibonacci retracement level, SMA 100, and daily 161.8% Fibonacci retracement level.
- $3,825: Weekly 23.6% Fibonacci retracement level and weekly pivot point support 1.
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
Editors’ Picks
Is Altcoin Season here as Bitcoin reaches a new all-time high?
Bitcoin reaches a new all-time high of $98,384 on Thursday, with altcoins following the suit. Reports highlight that the recent surge in altcoins was fueled by the victory of crypto-friendly candidate Donal Trump in the US presidential election.
Shanghai court confirms legal recognition of crypto ownership
A Shanghai court has confirmed that owning digital assets, including Bitcoin, is legal under Chinese law. Judge Sun Jie of the Shanghai Songjiang People’s Court shared this opinion through the WeChat account of the Shanghai High People’s Court.
BTC hits an all-time high above $97,850, inches away from the $100K mark
Bitcoin hit a new all-time high of $97,852 on Thursday, and the technical outlook suggests a possible continuation of the rally to $100,000. BTC futures have surged past the $100,000 price mark on Deribit, and Lookonchain data shows whales are accumulating.
Shiba Inu holders withdraw 1.67 trillion SHIB tokens from exchange
Shiba Inu trades slightly higher, around $0.000024, on Thursday after declining more than 5% the previous week. SHIB’s on-chain metrics project a bullish outlook as holders accumulate recent dips, and dormant wallets are on the move, all pointing to a recovery in the cards.
Bitcoin: New high of $100K or correction to $78K?
Bitcoin surged to a new all-time high of $93,265 in the first half of the week, followed by a slight decline in the latter half. Reports highlight that Bitcoin’s current level is still not overvalued and could target levels above $100,000 in the coming weeks.
Best Forex Brokers with Low Spreads
VERIFIED Low spreads are crucial for reducing trading costs. Explore top Forex brokers offering competitive spreads and high leverage. Compare options for EUR/USD, GBP/USD, USD/JPY, and Gold.