Bitcoin Price Prediction: BTC/USD bulls extend further north with $8000 and beyond in sight – Confluence Detector
|- Bitcoin is holding chunky gains of over 12% late in the session on Monday.
- BTC/USD bulls are pressing further higher, as they head for the big barrier of $8000-500 range.
Bitcoin is enjoying much upside pressure throughout the session on Monday. BTC bulls have been outperforming versus many of its peers, as it looks to make a clear breakaway against other major altcoins.
BTC/USD is trading at the highest levels seen since July 2018, as the price remains on course with a strong recovery, which has been observed throughout 2019. Bitcoin has managed to recover some 130%.
In terms of the key levels to note via the daily confluence detector, to the upside; $8073.72, daily pivot point resistance, $8236.98, daily pivot point resistance. To the downside; $7500.48, daily and monthly pivot point support, $7336.81, daily 61.8% Fibonacci.
BTC/USD daily confluence detector
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