Bitcoin Price Prediction: BTC/USD $6000 new bottom area, bull to capitalize further – Confluence Detector
|- Bitcoin price on Thursday is trading marginally in the green, small gains in the second half of the session 0.5%.
- BTC/USD bulls are making good headway through the $6000 territory, maintaining solid ground.
Bitcoin price in the second half of trading on Thursday is trading with marginal gains of over 0.5%. The BTC bulls are keeping control of the upside momentum, as the price continues solid form through $6000 territory.
BTC/USD is outperforming in comparison to its peers, there is starting to be a clear breakaway between Bitcoin and the other altcoins. There is a noteworthy disconnect, as it makes way towards $7000 return.
Looking via the daily confluence detector, firstly the barriers of resistance; $6072.12, daily pivot point resistance, $6197.77 daily pivot point resistance. To the downside in terms of support; $6009.30, weekly pivot point support, $5946.48, monthly pivot point support, $5883.65, daily 38.2% Fibonacci.
BTC/USD daily confluence detector
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.